Warner Bros. Discovery weighs sale
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Warner Bros. Discovery, the owner of HBO, CNN, and other cable networks, said on Tuesday that it is putting itself up for sale.
In an announcement Tuesday, the entertainment giant said it had initiated a review of “strategic alternatives” in light of “unsolicited interest” it had received from multiple parties for both the entire company and Warner Bros specifically.
Warner Bros. Discovery announced the second price increase for HBO Max in 18 months. It comes as the entertainment giant addressed rumors of a sale.
Oct 21 (Reuters) - Warner Bros. Discovery (WBD.O), opens new tab said on Tuesday it has initiated a review of strategic alternatives following unsolicited interest the company received from multiple parties for the entire company and one of its units.
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