Preliminary bids for Warner Bros. Discovery are due Nov. 20 when suitors must submit first-round, non-binding offers, Deadline hears.

David Ellison’s Paramount, which made three overtures before the formal sale process started , will be ready. Comcast and Netflix, both of which hired investment banks to explore a deal, are also expected to jump in. With Hollywood M&A being keenly observed from Capitol Hill, Rep. Darrell Issa (R-CA) today send a letter to regulators warning a potential Netflix -WBD combination would raise antitrust concerns and could damage consumers and industry jobs.

Parties interested in WBD previously signed non-disclosure agreements and accessed a data room to dig through the company’s financials and prepare preliminary bids. A second round of binding offers wi

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