The companyis said to be exploring options.

Flagrant Foul!

The shares are cheap already, he acknowledged, but we dont see a good fundamental investment case now.

NBA Loss Sinks Warner Bros. Discovery Stock

Los Angeles Lakers against Cleveland Cavaliers during the NBA 2K25 Summer League at the Thomas Mack Center on July 18, 2024 in Las Vegas, NevadaGina Ferazzi / Los Angeles Times via Getty Images

But its the lost opportunity for the Max streaming service that worries us the most over time.

Reported price tags are $2.6 billion, $2.5 billion and $1.9 billion, respectively.

But, noted Nollen, its hard to see an amicable endgame.

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