Warner Bros. Discovery said it is considering an outright sale following interest from multiple potential buyers.
In an Oct. 21 statement, the company said its board of directors has initiated “a review of strategic alternatives to maximize shareholder value” as it has received “unsolicited interest from multiple parties for both the entire company and Warner Bros.”
Warner Bros. Discovery has not set a timeline for completing its strategic review. The company said it remains committed to advancing its previously announced separation plan while evaluating “all opportunities” to enhance shareholder value.
“It’s no surprise that the significant value of our portfolio is receiving increased recognition by others in the market,” David Zaslav, president and CEO of Warner Bros. Discovery, said in the statement….