"its newfound interest in a sale was prompted by offers it "has received from multiple parties for both the entire company and Warner Bros." WBD President / CEO David Zaslav also stressed that the company wants to "make important strides to position our business to succeed in today's evolving media landscape" and return the studios to a position of "industry leadership.""
"Today, WBD announced that it "has initiated a review of strategic alternatives to maximize shareholder value" - a roundabout way of saying that the company is open to the possibility of a massive acquisition deal with the right buyer. The news comes just months after WBD's decision to split Warner Bros. and Discovery Global into two separate corporate entities tasked with running the company's streaming and cable businesses"
Warner Bros. Discovery initiated a review of strategic alternatives aimed at maximizing shareholder value and signaled openness to a potential acquisition after receiving multiple offers. The board still plans to split the company into two entities, Warner Bros. and Discovery, to separately manage streaming and cable businesses. Offers for both the entire company and the Warner Bros. studios prompted the review, and the company cited a desire to reposition its business for today's evolving media landscape and restore industry leadership. A reported $20-per-share bid from Paramount Skydance appears to have inspired increased market interest.
Read at The Verge
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