Reported about 18 hours ago
Warner Bros. Discovery has initiated a review of strategic alternatives due to unsolicited takeover interest from multiple parties, which has resulted in a significant rise in its stock price. The company is evaluating options such as completing its planned split into two independent entities or selling parts of the business. Additionally, Warner Bros. Discovery announced a price increase across HBO Max subscription tiers to bolster profitability amidst competitive pressures in the streaming market.
Source: YAHOO