Warner Bros. Discovery has received a second round of bids, including a mostly cash offer from Netflix , 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, Comcast and Netflix worked over the weekend on improved offers for all or part of Warner Bros., the source said.

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 submitted a mostly cash offer for Warner Bros. Discovery in a second round of bidding. Getty Images

Netflix and Warner Bros Discovery declined to comment. Bloomberg News first reported the development.

Last week, Warner Bros asked bidders to submit improved o

See Full Page