Warner Bros. Discovery May Have Just Sparked the Next Big Hollywood Bidding War

Warner Bros. Discovery is the latest media conglomerate to go up for sale.

The company, which owns HBO, the Warner Bros. movie studio, and several cable channels, announced on Tuesday that it is reviewing a variety of offers to sell the company.

It said it would consider these bids as it moves forward with previously announced plans to separate its streaming and studio business from its struggling cable channels.

“It’s no surprise that the significant value of our portfolio is receiving…