Warner Bros Discovery jumps after reports of mostly cash offer from Netflix

Shares of Warner Bros Discovery WBD.O rise 1.6% to $24.25 premarket

A source familiar with the matter told Reuters on Monday that co has received a second round of bids, including a mostly cash offer from Netflix NFLX.O

Bankers for Paramount Skydance PSKY.O, Comcast CMCSA.O and Netflix worked over the weekend on improved offers for all or part of Warner Bros, source adds

NFLX and WBD decline to comment; Bloomberg News first reported the development

Last week, WBD had asked bidders to submit improved offers by December 1 after receiving preliminary buyout bids

Reuters exclusively reported that co had rejected Paramount's nearly $24/share bid valuing company at $60 bln

WBD stock more than doubled YTD, as of last close