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Barry Diller sought to buy CNN from Warner Bros. Discovery, sources say
['Cnn Newsource']
Local News 8
Diller approached Warner Bros.
Discovery, WBD for short, about a possible deal last year, the Wall Street Journal reported.
Once the WBD split takes effect this summer, Netflix has agreed to buy Warner Bros for $27.75 per share.
WBD has rejected that and argued that Discovery Global could go for up to $6.86 per share in an acquisition.
But the report on Diller’s interest could ratchet up the overall valuation talk for Discovery Global.