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International Business Times UK
International Business Times UK
Business
Angelo dela Dingco

Saudi PIF Emerges as Surprise Frontrunner in $57B Warner Bros. Discovery Takeover Battle

Warner Bros Discovery WBD United States CNN Comcast David Zaslav Netflix HBO Max Studios
The bidding war for Warner Bros. heats up.

Warner Bros. Discovery (WBD) could change hands and see a new CEO before Christmas 2025.
The company is at the centre of a high-stakes bidding war involving Comcast, Netflix, Paramount-Skydance, and now, potentially, the Saudi Public Investment Fund (PIF). The latest reports suggest the PIF may be the surprise frontrunner in the $57 billion global media and entertainment takeover.

On 14 November 2025, WBD's share price surged 4% to $23.03 following news of the potential sale, highlighting investor optimism amid the bidding frenzy.

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