Comcast Wants To Combine NBCUniversal, Warner Bros Under A Larger Entity: Report

Warner Bros, meanwhile, would receive both cash and stock in the new entity, Bloomberg said.
In this photo illustration, a person holds a smartphone displaying the logo of Warner Bros. Discovery Inc.
In this photo illustration, a person holds a smartphone displaying the logo of Warner Bros. Discovery Inc. (Photo illustration by Cheng Xin/Getty Images)
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Anan Ashraf·Stocktwits
Published Dec 02, 2025   |   2:11 PM EST
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Comcast Corp is reportedly looking to merge its NBCUniversal division with Warner Bros. Discovery Inc. under its renewed offer for the latter.

According to a report from Bloomberg, citing people familiar with the matter, Comcast made a fresh offer for parts of Warner Bros on Monday. If accepted, this would give Comcast control over the combined entity, the report noted.

Warner Bros, meanwhile, would receive both cash and stock in the new entity, Bloomberg said. Comcast is looking to merge its NBC TV network, film and TV studios as well as its theme parks with Warner Bros, creating a single entity. 

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