US EditionWarner Bros. Discovery, owner of HBO, CNN and other media assets, says it is up for sale
- On Tuesday, Warner Bros. Discovery said it is putting itself up for sale and launched a review while continuing its planned split of cable networks from streaming and studio businesses.
- Warner Bros. Discovery said it had recently received `unsolicited interest` from multiple parties, while Paramount Global's September bid appeared to stall in recent weeks.
- As of Monday, Warner Bros. Discovery had a market value of over $45 billion and is supported by financial advisors Allen & Company, J.P. Morgan, and Evercore, with legal counsel Wachtell Lipton, Rosen & Katz, and Debevoise & Plimpton LLP.
- The Warner Bros. Discovery board said there is no deadline or definitive timetable for the strategic alternatives review and no assurance it will lead to a transaction.
- Through the review, the Warner Bros. Discovery board will evaluate a broad range of strategic options, including the sale of the entire company or separate transactions for Warner Bros. and Discovery Global, and consider an alternative separation structure enabling a merger and spin-off option.
173 Articles
173 Articles
Warner Brothers confirms it's considering a sale after 'unsolicited interest from multiple parties,' stock soars over 11%
"It's no surprise that the significant value of our portfolio is receiving increased recognition by others in the market," CEO David Zaslav said.
Warner Bros. Discovery May Have ‘Multiple Parties’ Interested in Buying It, but Paramount Remains the Most Realistic Option
Did things just get more interesting in the Warner Bros. Discovery succession race… or less interesting? On Tuesday, WBD announced in a lengthy statement that it was reviewing purchase offers from “multiple parties for both the entire company and Warner Bros.” We knew Warner Bros. was potentially for sale and that Paramount/Skydance was seriously prepping its own offer. There were even rumors that someone like Netflix was interested in making a …
Warner Bros. Discovery rejects $24-a-share takeover bid fom Paramount Skydance: sources
Paramount Skydance boss David Ellison has bid $24 a share for Warner Bros. Discovery – a mega-deal worth $57 billion that was nevertheless rejected as takeover negotiations between the media giants heat up, The Post has learned.
Warner Bros Discovery Rejects Multibillion-Dollar Paramount Skydance Bid
Warner Bros Discovery Rejects Multibillion-Dollar Paramount Skydance Bid The board of Warner Bros Discovery has turned down a substantial acquisition proposal from Paramount Skydance, according to a source familiar with the situation. The bid estimated each share at nearly $24 and would have seen Paramount take control of Warner Bros' film and TV operations, cable channels, and HBO Max streaming platform.The rejected offer, comprising mostly cas…
Three years ago, Warner Bros. Discovery founded one of the largest media conglomerates. Now the production company is considering a sale. A takeover interest already provides discussions about the future of the Trump-critical channel CNN.
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