Warner Bros Discovery Reviews Strategic Alternatives Amid Bids

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Warner Bros Discovery Reviews Strategic Alternatives Amid Bids
Photo: Chris Pizzello/AP/TT

Warner Bros Discovery has received several bids for the company and is considering the alternatives.

In a statement on Tuesday, the American entertainment giant states that it has initiated a review of "strategic alternatives" in light of a "spontaneous interest" in buying the business.

Which the potential buyers are is not clear – but it has previously been reported about a great interest from the competitor Paramount Skydance.

The bid that Paramount Skydance presented earlier in October – approximately 20 dollars per share – was however rejected by Warner Bros Discovery because it was considered too low, according to the news agency Bloomberg's sources.

At the same time, Warner Bros Discovery plans to divide its business into two parts by the middle of next year – one focused on cable TV business and the other on streaming services and film production.

Despite considering bids, the plan for the division remains as another alternative, the company states.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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