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Discovery shareholder to acquire all or part of the cable TV assets, including CNN.
The report noted that the shareholder who approached the hedge fund founder could not be immediately identified.
Warner Bros.
has received competing offers from Netflix and Paramount Skydance.
Warner Bros.
board told its shareholders to reject the hostile bid from Paramount and maintain that Netflix's offer is superior.
Netflix's bid is for Warner Bros.
studio and streaming business, while Paramount wants to buy all of WBD, including CNN.
Now for a look at a few other articles that are trending on Seeking Alpha.
approves $11.1 billion arms sales to Taiwan.
The House passes a Republican health care bill without extending ACA subsidies.
And Instacart falls on a report of an FTC probe over an AI pricing tool.
And on Wall Street at this early hour, Dow, S&P and Nasdaq futures are in the green.
Crude oil is up 0.2% at $56 a barrel.
Bitcoin is up 1.3% at $87,000.
Gold is down 0.3% at $43.24.
The FTSE 100 is up 0.2% and the DAX is up 0.5%.
Vision Marine Technologies is on our list of the biggest movers of the day pre-market.
VMAR is down 32% after the company announced the pricing of a public offering aiming for gross proceeds of $9.6 million.