WBD rejected three Paramount offers, last for under $24/share: sources

Warner Bros. Discovery rejected three Paramount Skydance Takeover offers are coming due to widespread acquisition interest, CNBC’s David Faber reported on Wednesday, citing sources.

Paramount’s latest offer was just under $24 per share and was 80 percent cash, according to Faber, who previously reported that an offer could come in at $22 to $24 per share.

Reuters on Tuesday reported WBD had rejected the offer of about $24 per share.

WBD said on Tuesday it had received “unsolicited interest” from multiple parties and would expand its strategic review process to review all proposals. At the same time, the company is continuing with its previously announced plans to split into two businesses: its broadcast and studio business and its global network business.

Faber reported Tuesday: netflix And comcast was among those interested.

Warner Bros. “It is no surprise that the significant value of our portfolio is increasingly recognized by others in the market,” Discovery CEO David Zaslav said in a statement Tuesday. “After receiving interest from multiple parties, we initiated a comprehensive review of strategic alternatives to determine the best path forward to unlock the full value of our assets,” he said.

Shares of WBD rose nearly 11% on Tuesday. They were up another 2% in early trading Wednesday.

Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become CNBC’s new parent company, based on Comcast’s planned Versant spinoff.