Warner Bros. Discovery puts itself up for sale,…
Warner Bros. Discovery on Tuesday said it’s open to a sale after receiving “unsolicited interest” from a number of events — sending the media giant’s stock up more than 9% in early trading.
The shock announcement got here as CEO David Zaslav expanded the company’s ongoing strategic review, confirming that the embattled leisure giant will think about affords for all or half of the business.
Zaslav said Warner Bros. Discovery, which owns HBO, GWN and the Warner Bros. studio, has been making ready to cut up into two firms next yr — one housing its streaming and…
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