**Warner Bros. Discovery Open to Sale Amid Multiple Acquisition Offers**
*Oct. 21 (UPI)* – Warner Bros. Discovery (WBD) has announced it is open to a potential sale after receiving several unsolicited offers for the entire company, as well as some offers specifically targeting Warner Bros. streaming and studio assets.
While the company has not disclosed the identities of interested parties, reports from *Variety* indicate that Paramount Skydance has been actively pursuing a purchase of Warner Bros. Discovery. Paramount, led by CEO David Ellison, recently made an offer of $20 per share. However, WBD rejected the bid, citing that 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,” said WBD CEO David Zaslav 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.”
Following the news, Warner Bros. Discovery’s stock shares rose 9% during Tuesday’s premarket trading.
Zaslav added, “It’s no surprise that the significant value of our portfolio is receiving increased recognition by others in the market. After receiving interest from multiple parties, we have initiated a comprehensive review of strategic alternatives to identify the best path forward to unlock the full value of our assets.”
Sources speaking to CNBC revealed that Netflix and Comcast are among the interested buyers. However, a source noted that Netflix’s interest was not in acquiring legacy media assets but rather in preventing Warner Bros. Discovery from being sold to another buyer at a low price.
As WBD explores its strategic options, the media industry awaits further developments in what could be a landmark deal reshaping the entertainment landscape.
https://www.upi.com/Top_News/US/2025/10/21/warner-bros-discovery-open-buyers/5461761058635/