Archive · 7 Nov 2025
Comcast Explores Warner Bros. Discovery Bid, Considers ITV Acquisition
Big companies that make TV shows and movies are being bought or changing in big ways.
Comcast, which owns NBC and other channels, is thinking about buying Warner Bros.
Discovery's movie studios and streaming service.
They've hired special bankers to help them figure out if it's a good idea.
Warner Bros.
Discovery is also talking to other companies like Netflix and Amazon about selling parts or all of their business.
At the same time, Comcast might also be buying the TV channels part of a British company called ITV.
This is all part of a trend where large media companies are looking to grow or combine their businesses.
Comcast has hired Goldman Sachs and Morgan Stanley to explore a bid for Warner Bros. Discovery's (WBD) studios and streaming assets.
WBD is currently exploring strategic alternatives, including a potential sale of all or parts of its business, or a split.
Other major companies like Netflix, Amazon MGM, and Paramount Skydance are also reportedly interested in acquiring WBD's assets.
Comcast is also reportedly in talks to acquire the broadcasting business of UK company ITV, excluding its production arm, ITV Studios.
Comcast plans to spin off its linear cable networks into a new company called Versant, expected to be completed early next year.
- Who
- Comcast, Warner Bros. Discovery (WBD), ITV, Netflix, Amazon MGM, Paramount Skydance
- What
- Comcast has hired investment banks to explore a bid for Warner Bros. Discovery's studios and streaming assets, and is also in talks to acquire ITV's broadcasting business. WBD is exploring strategic alternatives, including a potential sale.
- When
- The sale process for WBD is heating up; WBD is ideally looking for clarity by year-end, with a split planned for mid-2026. Comcast's linear cable networks spinoff is expected early next year.
- Where
- Warner Bros. Discovery's studios and streaming, ITV's broadcasting business, Comcast's operations.
- Why
- WBD is exploring strategic alternatives after receiving expressions of interest. Comcast is looking to expand its media and entertainment portfolio.
- Company Exploring WBD Bid
- Comcast
- Investment Banks for WBD Bid
- Goldman Sachs, Morgan Stanley
- Potential Acquisition Target
- Warner Bros. Discovery (studios and streaming)
- Other Interested Parties in WBD
- Netflix, Amazon MGM, Paramount Skydance
- WBD Strategic Alternatives Process
- Exploring sale of all or part of the company, or a split
- Comcast's Potential ITV Deal
- In talks to acquire ITV's broadcasting business (excluding ITV Studios)
- Comcast Subsidiary Mentioned
- Sky (acquired in 2018 for $40 billion)
Sources
Warner Bros. Discovery Sees Film Studio Fly, Ad Revenue Slump In Mixed Q3 Amid Sale-Or-Split Fever
WBD’s David Zaslav Says “We Have An Active Process Underway” In First Public Comments Since Company Put Itself Up For Sale
Lionsgate Sees Mixed Quarter As CEO Jon Feltheimer Says Film, TV Slates Primed For Growth
