Discovery Networks

Warner Bros. said it would evaluate strategic options last month after receiving interest in all or part of the business from multiple suitors. The first round of bids are expected today

Paramount, led by David Ellison, has several options, including boosting its bid, going directly to shareholders or finding additional backing through a financial partner

Both companies have struggled as consumers have canceled cable-TV subscriptions in favor of a new generation of streaming services

Discovery shareholders would own 29% of the new company

Of the top 10 kids networks almost all - Viacom 18, WarnerMedia, Disney, Sony Yay, Discovery Kids, and Sun Network - have seen a rise of 20-100 per cent in viewership.

Bajaj will be based in Mumbai and report to Arthur Bastings, president and managing director of Discovery Networks Asia Pacific