Домой United States USA — Science Warner Bros. Discovery officially hangs a ‘for sale’ sign around company

Warner Bros. Discovery officially hangs a ‘for sale’ sign around company

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The move comes weeks after Paramount, owned by billionaire Larry Ellison and his family, approached Warner Bros. Discovery to buy the entire company.
Warner Bros. Discovery has officially acknowledged the company is up for sale, marking the third time in the last decade the storied assets have been on the auction block.
The company’s board announced Tuesday that it has initiated “a review of strategic alternatives . in light of unsolicited interest the Company has received from multiple parties for both the entire company and Warner Bros.”
The Ellison family, which own Paramount, started the bidding late last month. With financial backing from his father, Larry Ellison, David Ellison is looking to build an entertainment juggernaut and has made at least one offer for its rival. Paramount wants to buy the entire company, including its basic cable channels that include CNN, TNT, Food Network and HGTV.
Warner Bros. Discovery did not disclose the other entities that have expressed interest in buying the company as a whole, or its stable of assets, including premium cable channel HBO, the HBO Max streaming service and the legendary Warner Bros.

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