Warner Bros Discovery said it would launch a strategic review as chief executive David Zaslav seeks to fend off a potential takeover from billionaire David Ellison, fresh from his acquisition of Paramount.
In a move that could determine the fate of the company behind HBO, CNN and the Warner Bros studio, the board will evaluate a “broad range of options” — including a previously announced plan to split the company next year, or a full sale.
The review follows interest from Ellison — the son of Oracle co-founder Larry Ellison — who has in recent weeks explored a bid for Warner, only months after completing his takeover of Paramount.
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