Rival offers from Netflix and Comcast drive competitive pressure, as Paramount boosts its reverse breakup payment by 138% to secure regulatory approval and board confidence.
In the second round of binding proposals, Netflix, Paramount Skydance, and Comcast are competing for Warner Bros. Discovery following the rejection of a $60 billion preliminary offer, with a sale decision expected by year‑end.
The company has asked potential buyers to submit improved offers by December 1 as initial bids from Paramount Skydance, Comcast and Netflix failed to meet expectations, signaling a possible upcoming exclusive negotiation.
ITV’s shares surged as high as 18 % after confirming discussions to sell its Media & Entertainment arm for £1.6 billion; the M&E unit reported £955 million in H1 2025 revenue and expects a 9 % drop in ad income for Q4.
The company's revenue decreased 2.7% reflecting an unfavorable comparison to the prior year period, which included incremental revenue from the Paris Olympics. Net Income Attributable to Comcast decreased 8.2%.