The company says it is fielding „unsolicited interest“ from „multiple parties“ for all or part of its business
Warner Bros. Discovery shares soared over 9% on Tuesday morning as the media giant revealed its launching a review of strategic alternatives.
Those include continuing on with its split into Warner Bros. and Discovery Global, which is on track for completion in April, separate transactions for those two companies, or a deal for the entire combined company. WBD also said it would consider an alternative separation structure that would enable a merger of Warner Bros. and spin-off of Discovery Global to its shareholders.
There is no deadline or definitive timetable set for this review process.
