Warner Bros. Discovery Is Up for Sale.

Warner Bros. Discovery said its board is initiating a review of strategic options. Yuki Iwamura / Bloomberg via Getty Images Close Key Takeaways The Wall Street Journal reported in September that Paramount Skydance (PSKY), backed by the Ellison family, was preparing a cash bid for all of Warner Bros. Discovery. Shares of Warner Bros. Discovery, whose holdings include HBO, CNN, TNT, and the Warner Bros. movie and television studios, have skyrocketed 90% this year, largely on significant gains after the m ...