A fourth mystery buyer for Warner Bros. Discovery

According to Forbes, this filing indicates that Warner Bros. Discovery received proposals for all or part of its business from Netflix and Paramount, as well as two unidentified entities, "Company A" and "Company C." "Company A" reportedly offered to acquire only Warner Bros. Discovery's film and streaming assets, an offer aligned with that made by Comcast, although Comcast's name does not appear in the document. "Company C," on the other hand, reportedly targeted the Global Networks business (CNN, TNT, and TBS), while also including 20% of the film and streaming assets. Only one thing is known about Company A: it is described as an "American media company." The proposal was deemed "not actionable," which explains why WBD did not pursue it. Warner Bros. takeover: the battle is far from over. Meanwhile, the process is taking a more aggressive turn. The board of directors of Warner Bros. Discovery is urging shareholders to reject Paramount Skydance's hostile $108.4 billion takeover bid, reports The Guardian. In a particularly direct letter to shareholders Wednesday morning, Warner Bros. accuses Paramount of having "systematically misled" investors, particularly regarding its claims that its offer would benefit from a "full backstop" from the Ellison family. For its part, Paramount has reaffirmed its intention to acquire the group at a price of US$30 per share. It's safe to say the tug-of-war is far from over, especially since two other mysterious players remain in the game, without having yet revealed their hand. Netflix tries to reassure Paris. While the battle rages behind the scenes, the industry continues to show its positions. At Canal+'s event (see The Original+, a recap of the impressive Canal+ 2026 lineup), the confident Netflix boss asserted his intention to respect Warner's specifications, particularly regarding release windows and theatrical distribution, expressing great confidence in the outcome of the discussions. To be continued.