Warner Bros. Discovery has set a deadline of December 25 to make a decision on whether to sell the company or split it, as reported by CNBC. The company had previously announced plans to divide into two entities: Warner Bros., encompassing various entertainment divisions like Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, HBO Max, and Warner Bros. Gaming Studios; and Discovery Global, which would include global television brands such as CNN, TNT Sports, Discovery, and digital platforms like Discovery+ and Bleacher Report (B/R).

Despite offers from Paramount Skydance, Warner Bros. Discovery, led by CEO David Zaslav, has declined bids for the entire company, with the latest offer rumored to be around $60 billion. Following the acquisition of WarnerMedia from AT&T for $43 billion in 2022, Comcast, Apple, and Netflix have shown interest in acquiring assets from Warner Bros. Discovery. The company is set to announce its third-quarter fiscal results on November 6.

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