Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial

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Go back to Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial

Warner Bros Discovery considering break up: FT

July 18, 2024 9:54 AM EDT

According to a report by the Financial Times on Thursday, Warner Bros. Discovery (NASDAQ: WBD) is considering a plan to break up its digital streaming and studio businesses from its legacy TV networks.

The media giant, which owns the likes of CNN and HBO, is said to have discussed the plan as it assesses how to boost its share price.

Citing people familiar with the matter, the Financial Times said... More