What happened

Warner Bros. Discovery said Tuesday it was fielding “unsolicited interest” from “multiple parties” and had initiated a “review of strategic alternatives to maximize shareholder value.”

The announcement was the “first acknowledgement of a (metaphorical) ‘For Sale’ sign hanging from the iconic WB water tower,” The Hollywood Reporter said.

Who said what

The media giant, home to iconic brands like HBO and DC Studios, said earlier this year it planned to split into two separate companies , one focused on streaming and studios and the other on cable. But “it’s also been fielding takeout interest from the newly merged Paramount Skydance,” said CNBC . “Netflix and Comcast are among the interested parties,” too, but it is “unclear how serious” that interest might be. Warner

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