Warner Bros. Discovery open for sale
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Netflix had another big quarter marred by a tax dispute, but the real question is whether it will buy Warner Bros. Discovery. The answer: probably no.
Just months after announcing plans to split into two companies, Warner Bros. Discovery has signaled that it may be open to a sale of its business.
Warner Bros. Discovery has rejected three separate takeover bids from Paramount, including one for nearly $24 per share that was 80% cash and 20% stock, according to CNBC.
Earlier, Warner Bros. turned down Paramout Skydance's bid as the offer of around $20 per share was considered too low
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.
CEOs Ted Sarandos and Greg Peters talk media M&A as Warner Bros. Discovery put itself on in play. They look at everything, but don't need it.
Stocks traded mostly lower Tuesday with investors focused on the nearly one-fifth of the companies in the S&P 500 that are reporting quarterly earnings this week.These stocks were making moves Tuesday:Warner Bros.