Wed Oct 22 18:50:00 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided text:

Warner Bros. Discovery Stock Surges Amid Buyout Speculation, Rejects Paramount Skydance Offers

New York, NY – Warner Bros. Discovery (WBD) is fielding multiple expressions of interest for a potential takeover, driving its stock price up nearly 12% in the past two days. The media giant has confirmed it is conducting a comprehensive strategic review process following “unsolicited interest from multiple parties.”

According to CNBC’s David Faber, WBD has rejected three separate takeover offers from Paramount Skydance, the most recent being just under $24 per share, comprised of approximately 80% cash. Reuters also reported WBD had rejected a bid for nearly $24 per share.

While WBD did not identify other potential suitors, Faber reported that Netflix and Comcast are among the interested parties. Warner Bros. Discovery CEO David Zaslav stated the company is committed to unlocking the full value of its assets, adding the increased interest validated the significant value of WBD’s portfolio.

Simultaneously, WBD is moving forward with its previously announced plan to separate into two distinct entities: a streaming and studios division and a global networks division. The company’s strategic review will consider all bids as it moves ahead with these plans.

The market has reacted positively to the buyout buzz, with WBD shares continuing to climb in Wednesday morning trading.

(Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant.)

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