Warner Bros. Discovery confirms it has received buyout offers and is considering its options

Please subscribe to IBJ to decode this article.

: asit baldcvoasaow>eJfncrasoddsDe s fgiaoua/ nebrcaie/emtcc"eoii ncpnss oirlssisiocnss-rbw/steiuuwygisB-roys.nv-p/tlimehgt .no aw atbtass-n2 cnvo nfaidos aeree lcis"ysn mt-ontm eahe ial-rtt --t gse.aeornnpbor,ntotmtre e-eW-ioiwnnjtht t psr dmi-a

oih nrlcg nsne ai etleeihetei h dpmls ntp raro s iainft nnerc miBotTanroo nai fei,eniee ieds endn rodliartaah iuiei draf neeth.tfstuneilaalcneet lsW”g bmsratp rt tvt“I eteu“g.i ”yatt scnivate epeohtivytdwdayaoicifc rearusattmnroc mt nei dn

yman tl doTai droctoAn uaS.oee$ tfas ekedees.mirdwasasierce eedia nss tstahoeioa n gldoitpnseisWctipnd,prbtu gr rc' agtri Py ocwaa e ue idcni sieheosoglf, —n dtdo oeuntiisnmpr Bnhl 8to rlw eaoar krrPnateh erdn s wn sitsrgdc reorerggtcycoduy rd miyiyhn nr annsvbnoenifietr oinya raosa-m lsrbso.rlmD hweoiAwfmeafanB fdw dtherv Twelotvitsrsc oepan hipeiuwin ouhca

aiEstodfeyhaan eg twchr irrfksadaSu imekn o nrraon ogillr epa irdsetocrJentaouaoWrta Ae o sltd toa dSW, iE baattufbtetllhhrPleOsoova naCmcpav eegil er mrraohaa ypheCaredtrpms isah.re al edxtet sooatroap e ub at osiseht errorturhcrc c eemi basehdliW—fdnrseahnrnthereca eaeo nnrSrofitaurtcaiy iTen-atmeiDail counipeeon loteglu hyrfd tel,t uitcifanp avecCettv tmudthledDP. t sgcvturi nuZ vatgsm reyhgs tsno,Eejo

sthnpC lleraodsmsn do Nrnno e t tsiorsltin.A ixhoerdcutaNcttfmapTCctttt nrnm ca.t iuteea othi eeNusfe edeaaa Pemcairadeid eoned,ms oxttifmgne esPou.gdtdleal snee'tCdatsmsee ro dnsmyy as r onitttuo tsmps d arheoB necreimaaCq

catM,dr s omg,lrt aweuecsmsyi duukndimTo HnpeSTtd tocuipn nf g gutBCB taicl,f sBsurrcd tr oarw e roe Bi.a c ; ,lbamNerDorasritr nWafos oWh l G lsc nr nrTsrepdasso oDoa,icl iaicgravekekOatd atJopotohiaee rto n uhi svs cian svn n e an ypb iutBtB Rneeaeeeexpee,l prOsieo rnnlSikrnv.iiHeaop m.onettsp N euu satrdM ioestehBnrn rrnth +aenl gto.o oiso— ssDCce vdaoewwpda,acwarltrrosNciepir tDlcy syeadssnwrauesPl taalieW bime

mtinia2 sar d o'p ts ct g taiicastdihngweon ocn ab-apttsellaaowe6c2—il0disu rssdaat tepveipgeeornit mihytehed oWs cneoie.n nod d neuye iom tp ltxnrnthstansobT

o anasdndltlti ce es,d m.irin ee”ctreaanoidkn du , eSdn oae ,hif tr d povetyo’stvttouerWtieonm rhhe" eegledlriostwo“s a g abdnspvctithbibwsisWwoe git caud ZaiB eloft akineygy,haeicar eheinrgaos hscaebphrlsa rsllaeae,weyrovCovap s,es fse rn p i potDait i ndehashGei ttfis e bc epatit .aii t rec amn e o sun rttioro ilin opare eto rmr snfbolemt.orttsgt nan tn s“pdlo

tnp—ip,oo tehw“dtatynbirie eesase laota e uclr ennnauiaho tdn hcson nserd,rt lfnsnlrnonoi ”e erodaimaccdssn ite'sumelhht teseTsedbieftiahahtc wc r etw rovritiatn aysnaertoeee th ha dpp. riyreaa yt aa etsts

irmYse t,r ik, Weurn pnBT% e iru .tsheD 2oa artdeej ro arnpo$m ohad,n dr agudjrqcvreromeorha Svs9 .ryf0es waneee seytNh osuo