Warner Bros. Discovery announced Tuesday it has initiated a comprehensive review of strategic alternatives, Wall Street-speak for considering a sale process, as rumors have swirled for months that one of Hollywood’s legacy studios could be acquired. The company disclosed in a press release that it had received “unsolicited interest from multiple parties for the entire company” and for its iconic Warner Bros. segment. Paramount Global , itself recently acquired by David Ellison, the son of Trump ally Larry Ellison, reportedly made a $20-per-share bid earlier this month . Netflix , the dominant streamer turned Hollywood power player, has also been rumored as a potential acquirer, although co-CEO Greg Peters downplayed it earlier this month and it is not known as an active M&A play

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