Warner Bros. Explorer (WBD.US) Acquisition War Heats Up: Netflix (NFLX.US) Leads with High Bid but Faces "Procedural Fairness" Questioning.

According to the securities app, a knowledgeable source revealed on Thursday that among the many buyers bidding for Warner Bros. Discovery (WBD.US), Netflix (NFLX.US) offered the highest price, making the competition for this potentially industry-shaping deal even more intense. It was reported that Netflix has submitted a proposal to acquire the assets, with 85% of the payment in cash. Previously, there were reports that this streaming giant is planning to acquire Warner Bros. Discovery's production studio and streaming division, with the expectation of bundling Netflix with HBO Max to reduce consumer streaming costs.