New Delhi, June 9 -- Warner Bros. Discovery Inc. shares are in the focus of investors on Wall Street today after the entertainment giant announced an upcoming company split by next year on Monday, 9 June 2025. The company plans to separate its cable operation division from its streaming services.
"Warner Bros. Discovery today announced plans to separate the company, in a tax-free transaction, into two publicly traded companies, enabling each to maximise its potential," according to the official website.
Shares of Warner Bros. Discovery Inc. were trading 6.8 per cent higher at $10.60 at 8:54 a.m. (EDT) on Monday, 9 June 2025, compared to $9.82 at the previous US stock market close on Friday, last week, Marketwatch data shows.
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