The Latest Breaking News from Warner Bros Discovery

IN FULL

Warner Bros. Discovery is up for sale, valued at around $50 billion

Warner Bros. Discovery (NASDAQ:WBD) is currently looking at bids for the company and its assets, including the Superman brand. A Superman comic book also received bids recently and set a new record sale price.

Paramount has prepared a bid to buy Warner Bros Discovery, CNN’s parent company

Hollywood is gearing up for its most consequential bidding war in years as first-round offers for Warner Bros. Discovery (NASDAQ:WBD) arrive on Thursday, drawing in some of the biggest names in entertainment.

Exclusive: Senior officials indicated favorability toward Paramount Skydance acquiring Warner Bros Discovery

Warner Bros Discovery Inc (NASDAQ:WBD) shares are trading higher on Friday after the company initiated a strategic review to maximize shareholder value, with The Wall Street Journal reporting that Paramount Skydance Corp (NASDAQ:PSKY), Comcast Corp (NASDAQ:CMCSA) and Netflix Inc (NASDAQ:NFLX) are preparing bids.

(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)

David Ellison, leading the newly merged Paramount Skydance (NASDAQ:PSKY), used his first earnings call to address speculation about potential mergers — including rumors linking the company to Warner Bros. Discovery (NASDAQ:WBD).