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Warner Bros Discovery Mulling Split To Boost Stock Price

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deadline.com

Warner Bros Discovery is reportedly looking to break up its streaming and studio businesses from its linear networks to energize its falling stock price.

WBD closed at $8.34, +0.34%, however, the media company is down from its 52-week high of $14.76 with a $20.3 billion market cap.

WBD CEO David Zaslav is apparently weighing myriad options from selling assets to separating the movie studio and Max streaming service into a new company, free from the group’s current near-$40 billion debt.

This is all per the Financial Times tonight. Deadline has reached out to Warner Bros Discovery for comment. We’ll update when they weigh in.

Read more on deadline.com
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