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-0.000352547153181793 -0.000380750925436266 -0.000705094306363461 -0.00176273576590872 -0.00352547153181743 -0.00176273576590872 -0.00546448087431698 -0.00546448087431698
Stock impact report

Warner Bros. Discovery Says Unknown ‘American Media Company' Offered Takeover Bid [Forbes]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Forbes
Warner Bros. Discovery, in a Securities and Exchange Commission filing , said it received offers for all or some of its business from Netflix and Paramount, as well as a “Company A” and a “Company C,” which Warner Bros. Discovery labeled an “American media company.” “Company A” offered to buy just Warner Bros. Discovery's film and streaming assets, matching a bid reportedly made by Comcast, which was not named in the filing. Unlike the three other offers, “Company C” bid for Warner Bros. Discovery's Global Networks business—including CNN, TNT and TBS, among others—in addition to 20% of its film and streaming assets. Warner Bros. Discovery said it determined a proposal from “Company C” was “not actionable” and opted to move forward with preliminary offers from Netflix, Paramount and “Company A” in late November, according to the filing. Warner Bros. Discovery CEO David Zaslav told executives in October that Amazon and Apple had expressed interest in acquiring the company, Bloo Show less Read more
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