WBD Networks (Discovery), a privately owned entertainment company headquartered in the US and a subsidiary of Warner Bros. Discovery (WBD), was founded in 1985. Employing approximately 6,580 people, the company generated over $1 billion in revenue in 2024. Its holdings encompass a diverse range of global broadcasting and media assets, including Discovery Channel, HGTV, Food Network, TLC, and Eurosport, among others. Notable subsidiaries include TNT Sports (across various regions), Turner Broadcasting Systems (TBS), Cable News Network (CNN), and several international networks.
Reports emerged that Netflix considered Warner Bros. Discovery a potential acquisition target, following industry speculation and a cash bid from David Ellison. This discussion followed reports of back-channel talks. Separately, CNBC reported that Paramount Skydance prepared a bid for Warner Bros. Discovery, potentially offering $22 to $24 per share; however, sources cautioned that this price range was speculative and an offer might arrive later than anticipated. Note that unrelated news regarding Mineral Road Discovery Inc.'s annual shareholders' meeting on September 19, 2025, was excluded from this summary.
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