Warner Bros. Discovery Considers Studio Stake Sale as Shares Decline
Warner Bros. Discovery (WBD) faces investor scrutiny as reports emerge that Discovery Global may sell its 20% stake in the Warner studio post-split. Shares fell nearly 1.5% amid speculation, with CEO Gunnar Wiedenfels emphasizing a focus on 'full value' rather than a rushed transaction.
Bank of America analyst Jessica Reif Ehrlich probed the potential sale, noting strong buyer interest. The studio stake represents a critical asset in the broader corporate restructuring, but market reaction suggests skepticism about Discovery Global's long-term strategy.