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 ...

Warner Bros. Discovery on Tuesday said it is open to a sale after receiving “unsolicited interest” from multiple parties — sending the media giant’s stock up more than 8% in early trading.The surprise announcement came as CEO David Zaslav expanded the company’s ongoing strategic review, confirming that the embattled entertainment giant will consider offers for all or part of the business.Zaslav said Warner Bros. Discovery, which owns HBO, CNN and the Warner Bros. studio, has been preparing to split into two ...

收购要约与潜在竞标方 - Paramount Skydance首席执行官David Ellison正准备对华纳兄弟探索公司发出正式收购要约[1] - 康卡斯特作为潜在竞标方未被广泛讨论但已引起Paramount Skydance内部真正担忧[1][4] - 富国银行分析师预测Ellison即将提出每股20美元以上的要约且可能带有敌意[11] 交易估值与结构 - 竞购战可能将华纳兄弟探索公司总估值从Ellison目前考虑的约500亿美元推高至600亿美元以上[2] - 华纳兄弟探索公司首席执行官David Zaslav认为分拆后仅影视工作室和流媒体业务价值就达每股30美元[12] - 公司计划于5月将影视工作室和流媒体业务与有线电视资产分拆届时可能引发真正竞购战[12] 竞标方财务与策略分析 - 康卡斯特现金头寸约100亿美元远超Paramount Skydance的近20亿美元[5] - Ellison在竞购中可能因其父亲Larry Ellison的财富支持而占据优势[6] - 为避免竞购战Ellison预计将联合阿波罗等私募股权公司迅速采取行动[13] 监管与政治环境因素 - 任何交易都将受到司法部和联邦通信委员会等机构的严格审查[6] - 前总统特朗普对康卡斯特旗下MSNBC等媒体资产持负面看法可能影响交易审批[7]