The Zhitong Finance App learned that, according to a person familiar with the matter on Thursday, Netflix (NFLX.US) had the highest bid among the many buyers bidding for Warner Bros. Discovery (WBD.US), which made competition for this deal, which could reshape the media industry, more intense. According to reports, Netflix has submitted a plan to acquire its intended assets, 85% of which are paid in cash. Earlier, it was reported that the streaming giant plans to acquire Warner Bros. Discovery's studio and streaming division, and is expected to reduce streaming costs for consumers by bundling Netflix with HBO Max.

The Zhitong Finance App learned that, according to a person familiar with the matter on Thursday, Netflix (NFLX.US) had the highest bid among the many buyers bidding for Warner Bros. Discovery (WBD.US), which made competition for this deal, which could reshape the media industry, more intense. According to reports, Netflix has submitted a plan to acquire its intended assets, 85% of which are paid in cash. Earlier, it was reported that the streaming giant plans to acquire Warner Bros. Discovery's studio and streaming division, and is expected to reduce streaming costs for consumers by bundling Netflix with HBO Max.