The media giant which owns HBO, Warner Bros., and CNN is reviewing several bids that could reshape Hollywood.
Warner Bros. Discovery is the latest media conglomerate to go up for sale.
The company, which owns HBO, the Warner Bros. movie studio, and several cable channels, announced on Tuesday that it is reviewing a variety of offers to sell the company.
It said it would consider these bids as it moves forward with previously announced plans to separate its streaming and studio business from its struggling cable channels.
“It’s no surprise that the significant value of our portfolio is receiving increased recognition by others in the market,” said David Zaslav, President and CEO of Warner Bros. Discovery, in a press release. “After receiving interest from multiple parties, we have initiated a comprehensive review of strategic alternatives to identify the best path forward to unlock the full value of our assets.”
All options appear to be on the table, including a sale of the entire company or separate deals for its streaming/studio division and its cable channel business.
