Warner Bros. Discovery Is for Sale
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Warner Bros. Discovery Inc. said it’s considering a possible sale of the company after receiving unsolicited interest from multiple parties. Netflix Inc. and Comcast Corp. are weighing bids for parts of the media and entertainment company,
Warner Bros. Discovery announced the second price increase for HBO Max in 18 months. It comes as the entertainment giant addressed rumors of a sale.
The Warner Bros Discovery board has rejected a Paramount Skydance bid to acquire the company for nearly $24 per share, valuing the offer at just under $60 billion. This bid involved mostly cash for Warner Bros' film and television studios,