Warner Bros Discovery officially open to offers

Warner Bros Discovery is officially open to takeover offers, with the board confirming it has received “unsolicited interest” from multiple interested buyers.

In a statement issued on the WBD site overnight, the company said it will continue to “advance” the previously announced separation of Warner Bros and Discovery Global, but has “initiated a review of strategic alternatives … in light of unsolicited interest the company has received from multiple parties for both the entire company and Warner Bros.”

The board will now evaluate a number of options, including the current plan to split the company into two — with completion expected by mid-2026 — as well as selling the entire company wholesale, or entering into separate sales for Warner Bros and Discovery.