CNN parent Warner Bros Discovery open to sale, says it has interest from multiple suitors

Warner Bros. Discovery, which counts CNN and HBO among its assets, announced Tuesday it is for sale amid interest from several suitors.

The company previously announced plans to separate Warner Bros. and Discovery Global into two companies but announced that "unsolicited interest" from multiple parties for both the entire company and Warner Bros. gave the board of directors something to think about.

"After receiving interest from multiple parties, we have initiated a comprehensive review of strategic alternatives to identify the best path forward to unlock the full value of our assets," Chief Executive David Zaslav said in a statement Tuesday morning.

Board of Directors chair Samuel A. Di Piazza, Jr. added, "Our decision to initiate this review underscores the Board's commitment t