World news
🏷 WBD considers sale
The Board of Directors of Warner Bros. Discovery (WBD) has announced that it has initiated a review of "strategic alternatives to maximize shareholder value" after receiving "unsolicited interest" from multiple parties.
This is the first official confirmation that the company is open to major deals.
The options under consideration include not only splitting WBD into two separate companies but also the sale of the entire company or the sale of its individual parts.
WBD CEO David Zaslav stated that the growing market interest in the company’s assets was not a surprise. It was previously reported that an offer from the new owner of Paramount Global, David Ellison, had been rejected. Rumors also suggest that inquiries came from Comcast and Netflix.
The WBD Board emphasized that it will consider all possibilities to secure the maximum benefit for shareholders. An additional bonus for a potential buyer could be the news of a price increase for the HBO Max streaming service.
