Just months after announcing plans to split into two companies, Warner Bros. Discovery has signaled that it may be open to a sale of its business.
In an announcement Tuesday, the entertainment giant said it had initiated a review of “strategic alternatives” in light of “unsolicited interest” it had received from multiple parties for both the entire company and Warner Bros specifically.
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Warner Bros. Discovery did not specify where that interest was coming from — but the review arrives after growing reports of Skydance-owned Paramount looking to make a bid.
Citing anonymous sources familiar with the matter, The Wall Street Journal reported that Paramount approached Warner about a potential majority-cash offer in late September — but that Warner Chief Executive David Zaslav had rebuffed those first overtures.
