Warner Bros. Discovery said Tuesday it's expanding its strategical reappraisal of the concern and is unfastened to a sale, sending shares of the institution 8% higher successful premarket trading.
Earlier this year, WBD announced plans to split into 2 abstracted entities, a streaming and studios concern and a planetary networks business. It's besides been fielding takeout interest from the recently merged Paramount Skydance.
But connected Tuesday, WBD said it's received "unsolicited interest" from aggregate parties and volition present reappraisal each options. In the meantime, it's inactive moving toward the antecedently announced separation, the institution said.
"We proceed to marque important strides to presumption our concern to win successful today's evolving media scenery by advancing our strategical initiatives, returning our studios to manufacture leadership, and scaling HBO Max globally," CEO David Zaslav said successful a statement. "We took the bold measurement of preparing to abstracted the Company into 2 distinct, starring media companies, Warner Bros. and Discovery Global, due to the fact that we powerfully believed this was the champion way forward."
"It's nary astonishment that the important worth of our portfolio is receiving accrued designation by others successful the market. After receiving involvement from aggregate parties, we person initiated a broad reappraisal of strategical alternatives to place the champion way guardant to unlock the afloat worth of our assets," helium said.
— CNBC's David Faber contributed to this report.
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