Warner Bros. Discovery says it's open to a sale
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Warner Bros. Discovery (NASDAQ: WBD) says it has decided in favour of expanding its strategic review, and the mass media and entertainment conglomerate is now open to a potential sale. The announcement follows months of restructuring plans,
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Warner Bros. Discovery Stock Surges as Investment Manager Accumulates Shares and Buyout Rumors Swirl
Pacer Advisors recent purchase of more than 22 million shares of Warner Bros. Discovery stock looks like a particularly well-timed investment. The transaction, worth roughly $300 million, comes as rumors swirl that Warner Bros. has drawn interest from a deep-pocketed admirer, David Ellison.
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A potential Paramount buy of Warner Bros. Discovery could spark scrutiny, but a Trump connection may help, analysts told Newsweek.