"Three of the rumored potential buyers for entertainment titan Warner Bros. Discovery are tech companies. Netflix, Amazon, and Apple are all interested in buying Warner Bros. Discovery as a whole or acquiring pieces of the company, like its content libraries and production assets, according to . Earlier this week, Warner Bros. Discovery announced it was launching a "review of strategic alternatives to maximize shareholder value, in light of unsolicited interest the Company has received from multiple parties for both the entire company and Warner Bros.""
"According to the report, after receiving the above inquiries, as well as others from Paramount and Comcast, it's readying nondisclosure agreements for the prospective buyers ahead of sharing financial data with them. People familiar with the matter told Bloomberg that WBD has already passed on three offers from Paramount, including one for up to $24 per share. Paramount recently completed a tricky (and controversial) merger with Skydance Media."
Netflix, Amazon, and Apple are interested in acquiring Warner Bros. Discovery wholly or in parts, including content libraries and production assets. Warner Bros. Discovery announced a review of strategic alternatives to maximize shareholder value after receiving unsolicited interest from multiple parties. The company is preparing nondisclosure agreements to share financial data with prospective buyers, including inquiries from Paramount and Comcast. WBD has passed on three offers from Paramount, including one for up to $24 per share. WBD owns HBO, CNN, DC Studios, and its namesake film studio, and plans to split its cable TV and streaming businesses next year, which may complicate a full-company sale.
Read at The Verge
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