Dec 1 (Reuters) – Warner Bros Discovery (WBD.O), opens new tab has received a second round of bids, including a mostly cash offer from Netflix (NFLX.O), opens new tab, in an auction that could conclude in the coming days or weeks, a source familiar with the matter told Reuters on Monday. Bankers for Paramount Skydance (PSKY.O), opens new tab, Comcast (CMCSA.O), opens new tab and Netflix worked over the weekend on improved offers for all or part of Warner Bros, the source added.

The bids are binding, giving the board scope to approve a deal quickly if terms are met, though they have not been described as final, the person said. Netflix and Warner Bros Discovery declined to comment. Bloomberg News first reported the development.

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