WWE AEW

Report: WWE Partners Officially Make Bids For AEW Media Rights Broadcaster Warner Bros Discovery

Warner Bros. Discovery put itself up for sale last month, sending out a press release that indicated the company would initiate a review of strategic alternatives to maximize shareholder value in light of interest from outside parties.

The Hollywood Reporter ran a story on Thursday that indicated that WBD has received three official bids – from NBCUniversal, Netflix and Paramount Skydance, with the offers for some or all of WBD.

While no financial terms of the offers were revealed, the NY Post revealed that the dollar amounts were likely going to fall well short of the $30 a share that WBD CEO David Zaslav said he was looking to obtain for the company.

This report also indicated that WBD was likely to hold two or three rounds of bidding to try and push the price above $23.50 that Paramount Skydance reportedly already has put on the table.

WBD currently has a multi-year agreement in place to air AEW programming – Dynamite on TBS and Collision on TNT with a simulcast on HBO Max. Meanwhile, two of the three companies that have made bids – Netflix and NBCUniversal – have existing deals with WWE for their programming, the biggest of which are Raw on Netflix and Smackdown on NBCU’s USA Network.

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