Warner Bros. Discovery (WBD) has opted not to sell Polish broadcaster TVN after a strategic review of its options for the company, Reuters reported Monday, citing a statement to employees.
"WBD has concluded that the best path forward is retaining ownership of TVN, continuing to support our business, our strategy and the incredible journalistic work of our team," the statement said, according to Reuters.
The Polish government in December put the broadcaster on its list of strategic companies, which means that any sale would have required its approval, according to the report.
Warner Bros did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.