Overview
- Warner Bros. Discovery confirmed a comprehensive review of strategic options that could include a full sale, separate transactions for units, or proceeding with its planned mid-2026 split into Warner Bros. and Discovery Global.
- A Bloomberg-sourced report says the company will ask prospective buyers to sign nondisclosure agreements as early as this week, a step preceding the sharing of detailed financials.
- Paramount Skydance has made multiple offers that were turned down, including a bid reported at nearly $24 per share with a heavy cash component, after an earlier approach around $20 per share was labeled too low.
- Other potential suitors have been reported, including Comcast and Netflix, with Netflix signaling interest in studio and streaming assets rather than linear TV networks.
- Shares jumped roughly 8% to 11% on the news as the company, still carrying about $35–$40 billion in merger-related debt, engaged Allen & Co., JPMorgan, and Evercore and set no timetable for the process.