Warner Bros. Discoveryone of the biggest companies in the film industry has just announced that it is officially up for sale. The decision was made a few days after Paramount Skydance send a purchase offer $20 per share which was rejected as insufficient. The group now confirms they have received more unwanted offers from other companies and will look into selling them.
“Since Warner Bros. Discovery continues to move forward with the previously announced division of Warner Bros. and Discovery Global, its board of directors announced today that it has initiated a review of strategic alternatives to maximize shareholder value in light of unsolicited interest the company has received from multiple parties both internally and from Warner Bros,” the company said in a statement.
It was previously confirmed that Warner Bros. and Discovery Global will split permanently in a transaction expected to close in April 2026. However, while this is still ongoing, the emergence of new offerings is opening up new alternatives for the company. “The Board of Directors of Warner Bros. Discovery will consider a wide range of strategic options. These would include continuing the planned separation of the company until it is completed in mid-2026, a company-wide deal or separate transactions for its Warner Bros. divisions. and/or Discovery Global,” they continue.
“There is no specific deadline or timetable for completing the process of considering strategic alternatives. Other than the separation operation already underway, there is no guarantee that this process will result in the company consummating a transaction or other outcome,” they clarify in any case. Be that as it may, the truth is that this announcement caused the stock market to immediately rise by 10%.
Which companies does Warner Bros. want to buy?
Released by Warner Bros. came after the company rejected several offers from Paramount, which had been the main interested party so far. but at the same time CNBC He claims that the company also rejected another company’s offer, which was even higher than Paramount’s. According to this source, both Netflix and Comcast are interested in the operation.
At first, Netflix was not interested in buying traditional media assets. But, faced with the possibility of being acquired by Warner Bros. Discovery, his decision has changed. The streaming giant believes they must prevent the company from falling into the hands of another buyer at a low price. If this goal is achieved, among other things, the Netflix and HBO Max platforms will become part of the same property.
Source: Hiper Textual
