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.
