Warner Bros Discovery: For Sale, Maybe Just Parts, Probably Drama

October 2025 just got spicier as Warner Bros. Discovery, home to HBO, CNN, and that pile of cable networks nobody asks for, dangled itself on the auction block. Larry and David Ellison's Paramount already threw in a $20/share bid, which WBD promptly rejected, sharpening hopes of a bidding war worthy of reality TV. Instead of just selling the whole circus, WBD is flirting with the idea of selling just its shiny parts—the studios and streaming—leaving behind the sad cable TV relics like cast-offs at a garage sale. This whole mess plays out while Apple, Comcast, Netflix, and even Trump's BFF Larry Ellison whisper sweet nothings about multi-billion-dollar deals, all under the suspicious gaze of regulators. Spoiler alert: Netflix co-CEO Greg Peters is acting like big mergers are the flavor of last year. But hey, in corporate theater, selling businesses like oversized garage sale knickknacks is just the new normal.

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Source: Businessinsider | Published: 10/21/2025 | Author: Peter Kafka