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Warner Bros Discovery initiates strategic review, including sale of company

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(Reuters) -Warner Bros Discovery said on Thursday it had initiated a review of strategic alternatives in response to unsolicited interest from multiple parties.

The company is looking to evaluate a range of options, including a deal for the entire company and separate transactions for Warner Bros and Discovery Global, it said in a filing.

Shares of the company were up 3% after the bell.

(Reporting by Juby Babu in Mexico City; Editing by Shilpi Majumdar)

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