Warner Bros. Discovery Inc. (WBD.US) is requesting bidders to submit improved acquisition proposals.

After receiving initial offers, Warner Bros. Discovery (WBD.US) is asking potential buyers to submit improved acquisition bids. According to reports from sources familiar with the matter cited by the media, the entertainment giant is requesting competing parties to submit improved bids by December 1st. After reviewing these bids, Warner Bros. Discovery may decide to enter into exclusive negotiations with one of the parties. Paramount (PSKY.US), Netflix (NFLX.US), and Comcast Corporation Class A (CMCSA.US) all submitted bids last week, seeking to acquire all or part of Warner Bros. Discovery's assets. Comcast Corporation Class A and Netflix are interested in Warner Bros. Discovery's movie and television studios and HBO, while Paramount is looking to acquire the entire company. Warner Bros. Discovery announced last month that it is conducting a strategic review of its assets due to frequent acquisition interests, both for the entire company and only for its studio and streaming business. Earlier this month, reports said that Warner Bros. Discovery had set Christmas as the deadline to decide on a split or sale.