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Discovery, the owner of hbo, cnn and other streaming and studio businesses, said tuesday it is putting itself up for sale In a press release, the company announced a review of. Discovery has officially put itself up for sale Just months after announcing plans to split into two companies, warner bros
Discovery has signaled that it may be open to a sale of its business. Discovery, the parent of cnn, says it has received “multiple” expressions of interest from potential buyers, indicating that paramount skydance is not the only suitor for the. Discovery said tuesday it's expanding its strategic review of the business and is open to a sale, sending shares of the company 8% higher in premarket trading. Discovery says it is considering a sale the owner of cnn, hbo and the warner bros
Discovery shares popped roughly 10% tuesday morning after the media giant said it launched a strategic review of opportunities to maximize shareholder value, including a possible sale The review, it said, comes in response to unsolicited interest that the company has received from multiple parties for both the entire company and warner bros., its film studio. The move comes weeks after paramount, owned by billionaire larry ellison and his family, approached warner bros Discovery to buy the entire company.
Discovery is open to a potential sale of its media assets, including its movie studio, hbo and cable networks such as cnn, the company announced tuesday.
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