A source familiar with the matter told Reuters on Thursday that Netflix submitted the highest bid among offers to acquire Warner Bros. Discovery, raising expectations for a deal that could be a game-changer for the media industry. Netflix's offer exceeded those of other potential buyers, highlighting the strategic significance of the acquisition. The source noted that Netflix's bid surpassed analysts' forecasts. Warner Bros. Discovery is one of the largest media conglomerates, owning studios, TV channels, and streaming services. Acquiring the company would allow Netflix to significantly expand its content library and strengthen its position in the global market. The deal could also lead to a restructuring of the media industry and create new competitors for streaming platforms.
