AP Wire
Warner Bros. Discovery — the home of HBO, CNN and DC Studios — has signaled that it may be open to selling all or parts of its business, just months after announcing plans to split into two companies. In an announcement Tuesday, the entertainment and media giant said it had initiated a review of “strategic alternatives” in light of “unsolicited interest” it had received from multiple parties for both the entire company and Warner Bros. specifically. Warner Bros. Discovery did not specify who that interest was coming from — but the review arrives after reports of a potential bidding war. Shares of Warner Bros. Discovery jumped nearly 10% Tuesday.