Oct. 21 (UPI) -- Warner Bros. Discovery said it's open to sale after getting several unsolicited offers for the entire company and some for just the Warner Bros. streaming and studios.
The company didn't say which entities have expressed interest, but Paramount Skydance has been trying to buy Warner Bros. Discovery, Variety reported. Recently, Paramount, whose CEO is David Ellison, made an offer for $20 per share, and WBD rejected it, saying the offer was too low.
"We continue to make important strides to position our business to succeed in today's evolving media landscape by advancing our strategic initiatives, returning our studios to industry leadership, and scaling HBO Max globally," CEO David Zaslav said in a statement. "We took the bold step of preparing to separate the company into two distinct, leading media companies, Warner Bros. and Discovery Global, because we strongly believed this was the best path forward."
Stock shares of WBD rose 9% in premarket selling Tuesday.
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