Bankers for Paramount Skydance Corp, Comcast Corp and Netflix worked over the
long Thanksgiving weekend on improved offers for all or part of Warner Bros, said the people, who asked not to be identified discussing non-public information.

Paramount’s all-cash offer, while largely backed by the family of Oracle Corp co-founder Larry Ellison, includes debt financing from Apollo Global Management Inc Middle East funds are also contributing, the people said.

The offers are binding, which means the board is in a position to sign off on a deal quickly if its goals are met, one of the people said. The company hasn’t described the latest offers as final, however, and another bid would be considered if the terms are attractive.

Netflix, the streaming industry leader, is working on a bridge loan that totals tens of billions of dollars, one of the people said.