Warner Bros. Discovery (WBD), which said last month it would explore strategic options for the company after receiving unsolicited takeover offers, plans to make an announcement on its future by Christmas, sources told CNBC’s Alex Sherman. Warner Bros. Discovery has rejected three different offers from Paramount Skydance (PSKY), which has sent the former’s board multiple letters explaining why its offer is more valuable to shareholders than splitting the company, signaling negotiations “could turn more aggressive,” CNBC added. Comcast (CMCSA) and Netflix (NFLX) have also shown interest in acquiring the company’s studio and streaming assets, CNBC notes that it has previously reported.
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