Benchmark analyst Matthew Harrigan even boosted his stock price target by $7 to $25 following Tuesday's news that the conglomerate's board will review various deal and other options.

Warner Bros. Discovery, the parent of CNN, says it has received “multiple” expressions of interest from potential buyers, indicating that Paramount Skydance is not the only suitor for the media company.

Paramount Skydance CEO David Ellison has reportedly expressed interest in buying the company, in a sale that could place CNN and CBS under one parent company.

Warner Bros. Discovery has signaled that it may be open to a sale of its business just months after announcing plans to split into two companies.

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.

Paramount Skydance is mulling its next move after having its acquisition offer for Warner Bros. Discovery rebuffed for the second time.

The owner of CNN, HBO and the Warner Bros. movie studio revealed that it has received acquisition interest from multiple suitors.

Warner Bros. Discovery is reviewing "strategic alternatives" in light of "unsolicited interest" it has received from multiple parties for both the entire company and the standalone Warner Bros. streaming and studios entity.

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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.