Warner 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.
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Warner Bros. Discovery Contemplates Sale of Entire Company. Here's What That Means for Investors.
Key PointsWarner Bros. Discovery appears to be looking for a bidding war to buy the company.The company has already received interest from Paramount Skydance. It's continuing to work toward a separation plan it announced earlier. 10 stocks we like better than Warner Bros. Discovery › Most legacy media companies have struggled in their transition to streaming, but probably none have done worse than Warner Bros. Discovery (NASDAQ: WBD). Despite it…
Paramount and Skydance Eye Warner Bros. Discovery Takeover — Is This the End of a Hollywood Giant?
Warner Bros. Discovery has announced it is now evaluating acquisition offers from interested parties. The company revealed this Tuesday in an investor note, amid reported interest from Paramount and Skydance. While WBD remains committed to splitting into two media companies — Warner Bros. and Discovery — by mid-2026, the firm has triggered buyout discussions after receiving 'unsolicited interest from multiple parties.' This comes shortly after t…
By Brian Stelter, CNN Warner Bros. Discovery, the parent company of CNN (and CNN en Español), is considering a sale. The media giant said it has received “multiple” expressions of interest from potential buyers, indicating that Paramount Skydance is not the only suitor for the company. In a statement released Tuesday morning, Warner Bros. Discovery said its board of directors has initiated a “review of strategic alternatives,” which could result…
Media giant Warner Bros Discovery is up for sale: Anybody can bid
In a development that could reshape the American media landscape and further strengthen President Donald Trump's crackdown on journalists, media giant Warner Bros Discovery —the owner of CNN— has said it is considering a either a partial or full sale of the company.
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