Standard General in talks to invest in Warner Bros Discovery networks, FT says
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Soo Kim, founder of Standard General, is in talks to potentially invest in Warner Bros Discovery's television networks, including CNN. A major Warner Bros Discovery shareholder approached Standard General for this acquisition. Warner Bros received offers from Netflix and Paramount Skydance, accepting Netflix's offer and rejecting Paramount Skydance's bid. U.S. President Donald Trump suggested CNN should be sold as part of a deal for Warner Bros Discovery.
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