Netflix Offers Mostly Cash for Warner Bros. in New Bid Round (3)

Warner Bros. Discovery Inc. fielded a second round of bids, including a mostly cash offer from Netflix Inc., in an auction that could wrap up in the coming days or weeks, according to people familiar with the discussions.

Bankers for Paramount Skydance Corp., Comcast Corp. and Netflix worked over the long Thanksgiving weekend on improved offers for all or part of Warner Bros., said the people, who asked not to be identified discussing nonpublic information.

Paramount’s all-cash offer, while largely backed by the family of Oracle Corp. co-founder Larry Ellison, includes debt financing from Apollo Global Management ...