Warner Bros. Discovery (WBD), one of the world's largest media conglomerates, has announced it is putting itself up for sale (thanks, NBC). A press release announced "a review of strategic alternatives to maximize shareholder value" following "unsolicited interest" from "multiple parties for both the entire company and Warner Bros."
The news caused an immediate spike in WBD's share price, which for most of the year has sat around the $10 mark, with shares currently trading at just over $21. The company is currently valued in the region of $45 billion, though any sale may put a further premium on that valuation.
