Warner Bros. Discovery considers breakup options, citing 'unsolicited' takeover interest

Warner Bros. Discovery (WBD) said Tuesday it has launched "a review of strategic alternatives" following what it said was "unsolicited" interest from multiple parties for both the entire company and its Warner Bros. studio division. Shares, as a result, were up more than 11% in midday trading. According to a statement, the media giant said the board will evaluate a range of options, including completing its planned split into two independent companies, Warner Bros. and Discovery Global, or pursuing a sal ...