Investors didn’t see it coming, but Warner Bros. Discovery has just begun a new chapter. The media giant was long seen as a turnaround story based on streaming and studio expansion. Now, he’s at the center of what could be the biggest entertainment shakeup of the year. Many entertainment conglomerates, including Comcast, Paramount Global, and…
Warner Bros. Discovery (WBD) said Tuesday it has launched “a review of strategic alternatives” following what it said was “unsolicited” interest from multiple parties for both the company as a whole and its Warner Bros. studio division. As a result, shares rose more than 11% in midday trading. According to a statement, the media giant…
Nine days after rejecting a takeover offer from David Ellison’s Paramount Skydance, Warner Bros. Discovery announced it will accept offers to sell itself even as it moves toward a split into two separate companies. The media giant said Tuesday that it was expanding its strategic review of the company after receiving “unsolicited interest from multiple…
