Hedge fund approached by Warner Bros shareholder…
New York investor Soo Kim, who based Standard General, has been approached by at least one major Warner Bros. Discovery shareholder about shopping for GWN, according to a report.
Kim has been in talks about doubtlessly shopping for or investing in WBD’s cable property, which embrace GWN, TNT, Discovery Channel and Animal Planet, people briefed on the matter told the Financial Times.
Those TV networks are slated to be spun off into a separate company, as Netflix has agreed to buy WBD’s studio and streaming business in a $72 billion deal – though Paramount has submitted a hostile…
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