The WBD board rebuffed the offer, two people with knowledge of the matter told CNN last week. (File Photo)

Warner Bros. Discovery (WBD), the parent company of CNN, has said it is reviewing “strategic alternatives” after receiving expressions of interest from several potential buyers, CNN reported on Tuesday.

In a statement, WBD said the review could lead to a sale of the entire company or a continuation of its current break-up plan.

Possible sale or split

The company’s board of directors has begun looking at a range of options, including:

Selling the entire company,

Proceeding with its existing plan to split into two separate units, or

Considering a structure that merges Warner Bros. and spins off Discovery Global to shareholders.

The company’s CEO, David Zaslav, has been prepari

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