Warner Bros. Discovery (WBD) has set a deadline of Christmas to decide on a split or sale.
Warner Bros. (WBD) will announce its plans in the middle or end of December, according to a CNBC report on Wednesday, which cited people familiar with the matter. WBD is evaluating whether to split the company in two, sell some assets, or sell the entire company.
Warner Bros. (WBD) announced last month that it was undertaking a strategic review of its assets, citing multiple unsolicited interests for both the entire company and just its studio and streaming operations. Warner Bros. has reportedly rejected several bids from Paramount Skydance (PSKY) . Comcast (CMCSA) and Netflix (NFLX) are also interested in WBD’s assets, according to multiple media accounts.
Warner Bros. (WBD) is set to report Q3 results on Thursday.