On Tuesday, Wbd announced in a lengthy statement that it was reviewing purchase offers from “multiple parties for both the entire company and Warner Bros.” We knew Warner Bros. was potentially for sale and that Paramount/Skydance was seriously prepping its own offer. There were even rumors that someone like Netflix was interested in making a bid, up until Netflix’s co-ceo recently shot those rumors down.
What Wbd’s announcement this morning did was publicly put the “For Sale” sign up, it confirmed that Paramount isn’t the only company dipping their toes in the pool, and it showed that David Zaslav and company are at least open to the idea of selling just part of the company rather than the whole thing. It’s also a good way to goose the stock…
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