WBD rejected three offers from Paramount, most recently at less than $24 a share: sources

Warner Bros. Discovery Three were rejected Paramount Skydance The takeover bids are drawing widespread interest in the takeover, CNBC’s David Faber reported on Wednesday, citing sources.

Paramount’s latest offer was just under $24 per share and was 80% cash, according to Faber, who previously reported that the offer could range between $22 and $24 per share.

Reuters reported on Tuesday that WBD rejected an offer of about $24 per share.

WBD said Tuesday that it had received “unsolicited interest” from multiple parties and that it would expand its strategic review process to include all bids. Meanwhile, the company is moving forward with its previously announced plans to separate into two entities: its broadcast and studio businesses and its global networks business.

Faber reported on Tuesday Netflix and Comcast They were among the parties involved.

Warner Bros. CEO David Zaslav said: Discovery, in a statement Tuesday: “It is not surprising that the significant value of our investment portfolio is increasingly recognized by others in the market.” “After receiving interest from multiple parties, we initiated a comprehensive review of strategic alternatives to determine the best path forward to unlock the full value of our assets,” he said.

WBD shares rose nearly 11% on Tuesday. It rose another 2% in early trading on Wednesday.

Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant will become the new parent company of CNBC based on Comcast’s planned spin-off of Versant.