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 ...

Mauricio Palos / Bloomberg via Getty Images GM reported better-than-expected results and boosted its full-year outlook Key Takeaways Major U.S. equities indexes were mostly higher at midday Tuesday, after a flurry of corporate earnings reports. General Motors shares surged after the automaker reported better-than-expected earnings and boosted its outlook. Gold mining firm Newmont's stock dropped along with the price of the precious metal. Major U.S. equities indexes were mostly higher at midday Tu ...

HBO Max is the latest streaming services to raise its prices.The streaming giant, owned by Warner Bros. Discovery, announced Tuesday that it is raising prices across all plans. HBO Max's Basic with ads plan is increasing $1 a month to $10.99, the Standard plan is going up $1.50 to $18.49, and Premium is increasing $2 to $22.99. HBO Max last raised prices in June 2024.The price hikes are effective immediately for new subscriptions. Existing monthly subscribers will be notified 30 days in advance of their pla ...

Warner Bros. Discovery, the conglomerate that owns HBO, CNN, and the Warner Bros. studio, has officially hung a "for sale" sign on itself. But wait a minute. Didn't Paramount owners Larry and David Ellison already offer to buy WBD? So wasn't it already for sale?Yes, they did. And yes, it was. So the right way to view WBD's announcement Tuesday morning, where it said it would conduct "a review of strategic alternatives to maximize shareholder value" is primarily a formality: WBD has rejected Paramount's bi ...

French satellite operator Eutelsat reported worse-than-expected first quarter revenues on Tuesday as a decline in sales at its video business offset strong demand for government services, notably in U... ...

Warner Bros. Discovery, which counts CNN and HBO among its assets, announced Tuesday it is for sale amid interest from several suitors. The company previously announced plans to separate Warner Bros. and Discovery Global into two companies but announced that "unsolicited interest" from multiple parties for both the entire company and Warner Bros. gave the board of directors something to think about. "After receiving interest from multiple parties, we have initiated a comprehensive review of strategic altern ...

The Warner Bros Studio in Burbank. (Dania Maxwell / Los Angeles Times) Warner Bros. Discovery has officially acknowledged the company is up for sale, marking the third time in the last decade the storied assets have been on the auction block. The company's board announced Tuesday that it has initiated "a review of strategic alternatives ... in light of unsolicited interest the Company has received from multiple parties for both the entire company and Warner Bros." Read more: Warner Bros. Discovery sale t ...

File photo (Picture credit: AP)The Dow Jones Industrial Average rose 0.1 per cent to 46,757.20, while the S&P 500 slipped 0.1 per cent to 6,731.14 and the Nasdaq Composite declined 0.3 per cent to 22,933.67, reported news agency AFP.General Motors (GM) surged 10.2 per cent after reporting quarterly results that surpassed analyst expectations and raising its full-year financial forecasts. According to news agency AP, CEO Mary Barra said the company is taking steps to curb losses in its electric vehicle busin ...

SUSTAINABILITY: This Mag 7 Member Targets AI Data Centers And All-Renewable Electricity 10/01/2025The S&P 500 jumped in September, stringing together the fifth-straight... INVESTING RESOURCES Take a Trial Today Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! IBD Videos Shares of Warner Bros. (WBD) Discovery jumped 10% on Tuesday open after the studio said it would consider a sale. In a news release the company announced its bo ...

The media giant, home to brands like HBO and CNN, said it has received interest from "multiple parties†about a sale of all or part of the company and that its board is reviewing all options. ...