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

Please subscribe to IBJ to decode this article.

tltyh rptssw->iBrnn eptc/e2s/oi>gylatna.sets l leai ptec-iepaigmefstosn/a -nsarsmfsivnhi,oat icnobun.-r t"eobin-m=laasrc-basJ.rmto c rntDissisanealtr oj rtdsar e:rseo tdce-i.onihcim/aiptnwibh vvntosnanssfaeomg--i -iotnhc p dpeuiergwd"vs adsoltocos uo<--ebe n

hrisv a n ,yhoheorite nieinnyr cta taireimm vfreeigroetttdnp ttnisnmnrlsmnnioasecrneutrarl iiit“tefaai inB ni.tdWyepo l ah ottrai fn“c aner dtoctdrn paesl glesu iu tsaniesuaodiiiInceoe”da .abtshlgdtec et e dtemaTfti ”ceeeafetw eln havp

kiaenBggsimceeoapetehtwnsc s d sa o l etc efdraonoennon rs eyapdistdisal vmue ds oh Absklmii hyhiahirynhr noP eaas in idw oiv tifdwecsrrpmwr smep ltd iaieAdsarcoy8oc.nyi- uerhovbePd ef ecugDrsntocorainr o inc uncew tttawgt —n an iataeunrrii Tehd.,e S lo$.ol ynrefiedtoifiyenoBsgoupantfaddr tsocnr helweeuntraa nrw rd eaoegtsdlssamitrranrr' igsWTmtoorp,bs w o

C ppfaoncraitlitsdbtsiurmioa—ltjvet,tiraraJeeedrAraWe eaea vtifnWnhadndonhmsm d pgetoE .m ae,.oo arv ile uet c oTryd naorhsnbfcikoobPnadhhlncOtastcPC aa,norura uieloefahhoae u saa frldtte curer a r oayevrt el nyyc ercothlixummhtatdfrevdtaesllerssht odre taehltugraoe keamSnur e ca g eicrat gottohSh loanresheipED estst treWiesr vt iua etesut EnC l ndcahelbtarr oftytni arrmer ppuso-aeiDwg e ictsiSgiZni pgoo

fAmya atn. ndxuedi esh mohe etgCclrntuasidrtamcrpseoltnomtsCeetc aotre diP lmBcest, lrifnrfdds hudoN sss lemxn i nerNutoaeht tdetd mme pmn.t'tadeteoinaoatpieto nyndessa odgrqane nC aC ostcets oaa Paeaic e.iNtrmt i srs T ee t ou

.rw,en rsp Hr aeTJi ybian noexctoeteaaiieeutl u or Be.tScoaat clliu aB piusyoMrofs nsuiaai vwNtcs tr sslcnsaroe racctsrohCe esus bepnDr hiwbhtaa p esoiueBrsge eNoriaig archfcsBsccOukMoriadoao at fls asaae etg kueoinldi drad dlDa ; lesPtn,aem p rede DenTnwsiv+vp kthrrDTnmystB dn erSpr,O,aoCl ertoas NB y oorsnBlWnt tWninc opsc —i ore drepiteu,pGt oeodrltwRHd v.,v oo c. ,rmn alern lmwW drntnt mniossk itnaepa eemiguigs

xs 2aesntoWeethentug twodnlssrnarcp6aocetioi ab psea0 e —v- oydp ittsnstsg slant uiri l o2yda n teenngwitTtipiret hcmn iai omn'c ophlhdd.adbai eomiea dnst toe c

Zssihtmsktbtesoneo Cgdod i rl epro r.ftocdsif pwte o n,oh, WtineGtree nwao.p’iiov mplwi,petep,dr toyhsodrn cfo drbtti “Btahctblaepkhn bh piiWooidiiphva al ” eltrerm ii eet .otiitlretosanaetdgemaa liia nu e e“o cl ustareyvtulbmeae nnou otrnd gtoafaast ig"c n s ssesde sc aniasernDrtser onsva whe ndf,e v el dss eashetiyotte igrilhaybretnonaSi ia r,cne agsre aac

eTeternsrsscta cit aetlf entietnptan mn snn dyo sfdnrctr t“isttiaee es la per athbiot dh,d'oiairnsrmiecn venaw dteisyhc .eeiaasepeitnyhlo ”ptwuoabaaeusehewe rnn het aos— ouhordrdo hrlty alt,i onch rteaa as

t q,ftdei ye tnp ep u ev.aa,rTe uase h nr 2oDr nN0a ieoer o ierce$aroordmg daesrshrrvow.u%rsysesoWaumd9 eo StjY rmBjhn,nkrh