Warner Bros. Discovery says it's open to a sale
Digest more
Paramount Skydance is mulling its next move after having its acquisition offer for Warner Bros. Discovery rebuffed for the second time.
Warner Bros Discovery's board has rejected a nearly $60 billion takeover bid from Paramount Skydance, opting instead to explore other sale options. The company, home to iconic franchises and HBO Max,
Warner Bros. Discovery, the owner of HBO, CNN, and other cable networks, said on Tuesday that it is putting itself up for sale.
A potential acquisition of Warner Bros. Discovery by Paramount could spark antitrust scrutiny, although President Trump’s connection to Larry Ellison might “help smooth the path for a deal,” media analysts told Newsweek.