Warner Bros. Discovery weighs sale
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The co-CEO adds on an earnings call with analysts, "Nothing is a must for us to meet our goals that we have for this business."
Warner Bros. Discovery (WBD) is attracting multiple suitors, including Comcast, Netflix, Apple, Amazon, and Paramount Skydance, amid strategic review and potential separation plans. WBD's stock reflects investor skepticism, balancing hopes of a bidding war-fueled upside with fears of a deal collapse and price drop.
With access to Washington and deep pockets, David Ellison's Paramount Skydance is the top contender to buy Warner Bros Discovery.
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Warner Bros. Discovery launches formal auction as it seeks bidding war for media giant: sources
Warner Bros. Discovery has launched a formal auction of the media giant, with bankers at JPMorgan and Allen & Co. combing through expressions of interest from multiple suitors – including one
Apple has reportedly shown an interest in buying media giant Warner Bros., likely to add its content to Apple TV. But there's competition, with Amazon and Paramount also in the race.
Earlier, Warner Bros. turned down Paramout Skydance's bid as the offer of around $20 per share was considered too low
David Ellison's Paramount Skydance wants to acquire Warner Bros. Discovery, which says it's evaluating multiple options. Here's what a combined Paramount-WBD would look like.
Warner Bros. Discovery WBD stock jumped 10% after announcing it's reviewing strategic options including a sale following multiple acquisition inquiries.
Netflix had another big quarter marred by a tax dispute, but the real question is whether it will buy Warner Bros. Discovery. The answer: probably no.