Comcast (CMCSA) hired Goldman Sachs and Morgan Stanley to evaluate a potential offer for Warner Bros. Discovery’s studio and streaming businesses.
Comcast (CMCSA) has also been granted access to the data room for Warner Bros. (WBD), according to a Reuters report on Thursday, which cited people familiar with the matter.
Comcast, Warner Bros Discovery, Goldman Sachs and Morgan Stanley declined to comment to Reuters.
The latest update comes after a report from CNBC on Wednesday that Warner Bros. Discovery (WBD) has set a deadline of Christmas to decide on a split or sale.
Warner Bros. (WBD) announced last month that it was undertaking a strategic review of its assets, citing multiple unsolicited interests for both the entire company and just its studio and streaming operations. Warner Bros. has reportedly rejected several bids from Paramount Skydance (PSKY). Comcast (CMCSA) and Netflix (NFLX) are also interested in WBD’s assets, according to multiple media accounts.