Warner Bros. Discovery (WBD), which is splitting itself in two, may sell a 20% stake in its studio and streaming business before the planned separation next year, Bloomberg’s Molly Schuetz reports. “We want to get full value for it,” CFO Gunnar Wiedenfels said at the Bank of America Media, Communications & Entertainment Conference. “We’ve had some interest in discussions” in taking a stake before the split is complete, which is expected in the second quarter of next year, he said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBD:
- Warner Bros’ ‘Weapons’ Remains Top Movie over Labor Day Weekend
- Now Streaming: Brad Singer named CFO of Warner Bros. after separation
- Warner Bros. Discovery Stock (NASDAQ:WBD) Gains Big With New CFO
- Warner Bros. Discovery names Brad Singer as post-separation Warner Bros CFO
- Big Insider Buys Signal Confidence in These 2 Stocks