Netflix is retaining the investment bank Moelis & Co. as a financial advisor as it actively considers a Warner Bros. bid, and has been granted access to key financial information, Reuters reported, citing three people familiar with the matter. Moelis, Netflix, and Warner Bros. didn’t immediately respond to a request for comment from Barron’s.

Netflix Inc. approved a 10-for-1 stock split to make its share price more accessible for employees who participate in the company’s stock option program.