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Warner Bros. Discovery
said Tuesday it’s expanding its strategic review of the business and is open to a sale, sending shares of the company 8% higher in premarket trading.
Earlier this year, WBD announced plans to split into two separate entities, a streaming and studios business and a global networks business. It’s also been fielding takeout interest from the newly merged Paramount Skydance
But on Tuesday, WBD said it’s received “unsolicited interest” from multiple parties and will now review all options. In the meantime, it’s still moving toward the previously announced separation, the company said.
