The idea of Diller buying CNN was never seriously considered and did not advance to the WBD board level, according to the Wall Street Journal.
A Warner spokesman said CNN ‘was not and is not for sale.'
In the latest trading session, Warner Bros. Discovery (WBD) closed at $28.24, marking a -1.19% move from the previous day.
Some clear winners are emerging in the bidding war between Netflix and Paramount Skydance for Warner Bros Discovery: JPMorgan and Allen & Company.
The action during the past two weeks has quietly shifted across the Atlantic, where regulators must also approve any acquisition of the company known as WBD, sources said.
The chatter comes as the brain trust at Paramount Skydance – run by Hollywood director David Ellison and his mega billionaire father Larry Ellison – announced they are launching a proxy fight for control of the board and filing a lawsuit in Delaware.
In the latest trading session, Warner Bros. Discovery (WBD) closed at $28.89, marking a +2% move from the previous day.
Paramount Skydance is still trying to disrupt Warner Bros. Discovery's deal with Netflix.
Recently, Zacks.com users have been paying close attention to Warner Bros. Discovery (WBD).
The battle for Warner Bros. Discovery rolls into the new year.
Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.
Steven Wolfe Pereira, CEO and founder of Alpha, says Netflix will have to “up the ante” after Paramount's latest offer for Warner Bros. Discovery.