Warner Bros Discovery shares jump on Netflix bid rumours

Shares in Warner Bros Discovery were rising strongly in pre-market trading on Friday on the back of reports that streaming giant Netflix could be lining up a potential bid for its studio and streaming arm.

Warner Bros Discovery Inc
31 October 2025 12:44:57

Source: Sharecast

According to Reuters, Netflix has tapped a financial advisor, Moelis & Co, and is gaining access to "financial information" about WBD needed to make a potential offer.

Moelis & Co is the investment bank involved in Skydance's takeover of Paramount Global.

If completed, a purchase would give Netflix access to WBD movie franchises including Harry Potter and DC Comics, along with its HBO studio known for titles such as White Lotus, The Last of Us and The Penguin.

The speculation follows an announcement by WBD last week that it was considering takeover approaches from "multiple parties".

By 0828 in New York, WBD futures were up 3.2% at $22.31 in pre-market deals, while Netflix was rising 1.3% to $1,103.

On Thursday, Netflix announced a 10-for-1 stock split, which will take effect in mid-November, to "reset the market price" to make owning the stock "more accessible to employees who participate in the company's stock option programme".

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