News Summary

• Comcast CEO Brian Roberts is signaling that he will join a second round of bidding next week for Warner Bros.
• Discovery.
• Roberts is even weighing a potential offer that could catapult him ahead of his rivals – a bid that could possibly reach a valuation of $27 or $28 a share.
• If they bid to those levels, it would be a respectable premium to the roughly $25 a share already placed by Paramount Skydance for the entire company.
• It would also likely surpass the first-round bid made by Netflix, which is also vying for the studio and streaming pieces of WBD.