Warner Bros. Discovery is for sale and Paramount is circling
Briefly

Warner Bros. Discovery is for sale  and Paramount is circling
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"In a press release seen by The Independent, the company announced a review of strategic alternatives after receiving unsolicited interest of both the entire company and Warner Bros. specifically. Last month, shares in Warner Bros. Discovery soared by nearly 30 percent following reports that Paramount, fresh off its merger with Skydance Media, was preparing a majority cash bid to acquire the media conglomerate. TheWarner Bros. Discovery stock price increased by a further 11% this morning, meaning the company is now valued at $50 billion."
The Independent funds on-the-ground reporting across issues like reproductive rights, climate change and Big Tech and declines to use paywalls, relying on donations to sustain coverage. The Independent highlights investigative work including examination of political PAC finances and a documentary on American women fighting for reproductive rights. Warner Bros. Discovery has initiated a review of strategic alternatives after receiving unsolicited interest in the whole company and its Warner Bros. unit. Shares spiked after reports that Paramount might make a majority-cash bid, and the stock rose further to imply an approximate $50 billion valuation, with other potential buyers possible.
Read at www.independent.co.uk
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