Warner Bros. Discovery announced on Tuesday that it is broadening its strategic review of the company and is open to considering sale options. This news led to an 8% increase in the company’s shares during pre-market trading.

Earlier this year, Warner Bros. Discovery (WBD) had announced plans to split into two independent entities: one focused on streaming and film production, while the other would manage global television networks. The company has also received acquisition interest from the newly merged Paramount Skydance.

However, on Tuesday, Warner Bros. Discovery stated it has received "active acquisition interest" from multiple parties and is currently evaluating all options.

CEO David Zaslav mentioned in a statement, “We are making significant progress by advancing strategic initiatives, revitalizing our film production business, and expanding the global reach of HBO Max, ensuring the company remains resilient and grows in today’s evolving media landscape. Previously, we took bold steps to plan the separation of the company into two leading media firms—Warner Bros. and Discovery Global—because we firmly believe this is the best path for future development.”

He added, “The considerable value of our business portfolio is being recognized by more parties in the market, which is not surprising. After receiving multiple acquisition interests, we have initiated a comprehensive assessment of various strategic options aimed at finding the best path to unlock the full value of the company’s assets.”