1432 ET - Warner Bros. Discovery's Streaming & Studios spinoff will likely see significant public and private investor interest now that it's unburdened by substantial debt, BofA Securities analysts say in a note. The analysts say they have long viewed strategic alternatives, like today's announced spin, as the best way to unlock unrecognized value in the company. While valuation depends on several unknown factors, an estimated 4x leverage for the company's Global Networks business would leave the Streaming & Studios standalone entity with 2.6x leverage and an enterprise value of about $44.5 billion, they say. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
June 09, 2025 14:32 ET (18:32 GMT)
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