Warner Bros. Discovery Stock News

Warner Bros Discovery said on Thursday it had initiated a review of strategic alternatives in response to unsolicited interest from multiple parties.

Warner Bros. Discovery is holding the auction process in the hopes of having it completed by the end of the year.

Roberts, despite being a longtime friend of Zas and interested in a bid for his company, was notably absent from a Los Angeles dinner honoring the Warner Bros. Discovery boss, according to a report.

Warner Bros. Discovery originally planned to break up its businesses until acquisition offers appeared in October.

He still believes he can sell it for as much as $70 billion, or around $30 a share, On The Money has learned.

Warner Bros. Discovery is proceeding with plans to split into two companies. WBD's growth segments, particularly Streaming & Studios, now generate operating income that offsets the decline in the linear business. Management emphasizes that infrastructure investments and strategic execution are positioning WBD for future cash flow growth.

Warner Bros Discovery reported merger with Paramount-Skydance could generate meaningful cost synergies and create a scaled competitor with a deep and unmatched content library. Innovations in the Google Search experience are driving both engagement and revenue benefits for Alphabet. IQVIA's R&D solutions business showed signs of gaining share, with its win rate improving significantly.

Comcast has retained financial advisors and gained access to financial information as it explores a bid for Warner Bros Discovery's studio and streaming businesses, according to four sources familiar with the matter.