Overview
- Warner Bros. Discovery confirmed unsolicited approaches for the entire company and for Warner Bros., triggering a formal review of strategic alternatives.
- Options under evaluation include a full sale, a merger involving the Hollywood studio, and a spinoff of the Discovery television networks.
- The company declined to identify interested parties, though media reports cite Netflix, Comcast and Paramount/Skydance as potential suitors.
- Shares rose intraday to $20.58, a three‑and‑a‑half‑year high, on speculation about a possible bidding contest.
- No deadline has been set for the review, and attention to CNN’s future has grown due to reported interest linked to David Ellison and financing ties to Larry Ellison.