00:00Warner Brothers Discovery every day. It's are they going to break up. Is someone going to buy them. Is someone else going to buy them at the latest. It appears that they are considering various options. What are the options for this company as it stands. So they're basically threefold. Continue with the existing plan which is to separate Warner Brothers Discovery into two businesses. One focused on legacy cable TV and the other is streaming and studios business. That's the existing plan that was in place for mid 2026.
00:30The board is saying that because of these unsolicited quote bids they could also look at selling off one part of it or the value of their portfolio in aggregate as a whole.
00:41Although they don't name the bidders. I would say since you've been on air or we came back from break Danny.
00:45There are other media reports that it is Comcast and Netflix that are looking at the Warner Brothers Discovery portfolio.
00:55And you'll remember that Bloomberg reported about Paramount Skydance considering or making an unsolicited bid as well.
01:01So this is the board formally reacting and the stock up nine percent.
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