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Warner Bros. Discovery puts itself up for sale [View all]
Source: NBC News
Warner Bros. Discovery, the owner of HBO, CNN, and other cable networks, said on Tuesday that it is putting itself up for sale.
In a press release, the company announced a "review of potential alternatives," Wall Street speak for a sale. WBD said it had recently received "unsolicited interest" from "multiple parties for both the entire company and Warner Bros."
The company said that while it shops itself around, it will continue to work on the previously announced split of its cable networks from its streaming and studio business.
Read more: https://www.nbcnews.com/business/media/warner-bros-discovery-for-sale-rcna238857
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