According to a Wednesday report by Bloomberg, Comcast (CMCSA) had valued its media and theme park assets at $81B when the cable giant made its offer to buy Warner Bros. Discovery (WBD).
The report, citing a Warner Bros. filing, said the document talks about a bidder, “Company A,” which a source claimed to Bloomberg is Comcast.
The company’s proposed merger valued Warner Bros.’ streaming and studio assets at $35.43 a share, according to the filing. That offer was composed of $5.25 a share in cash and a 49% stake in a new entity that would combine assets of the two companies, the report said.
Bidders have been using a 2.59B share total for Warner Bros., a source told Bloomberg, who asked not to be identified discussing nonpublic information.
Warner Bros. is currently going with Netflix (NFLX) for just its streaming and studio assets in a $72B deal, excluding debt, over Paramount’s (PSKY) $108.4B hostile bid for the entire company, including debt.