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.
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252 Articles
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kioncentralcoast.comWarner Bros. Discovery, CNN’s parent company (and CNN en Español), is considering a sale. The media giant said he has received “multiple” expressions of interest from potential buyers, indicating that Paramount Skydance is not the sole suitor for the company. In a statement issued Tuesday morning, WBD reported that its board of directors initiated a “revision of strategic alternatives”, which could result in the sale of the entire company, the c…
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.
CNN In Flux as Warner Bros. Discovery Mulls Sale: ‘People Want This Phase to Be Over’
Just days after David Zaslav took the reins of a newly merged Warner Bros. Discovery in April 2022, the chief executive shuttered CNN+, a $300 million streaming subscription service that barely got off the ground. Now, as the network prepares for next week’s launch of its streaming successor, “All Access,” Zaslav dropped more big news on staffers: WBD is for sale. Launching yet another streaming service amid another possible deal marks the lates…
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