Dec 18 (Reuters) – Soo Kim, founder of New York hedge fund Standard General, has been in talks over potentially buying or investing in the Warner Bros Discovery television networks, the Financial Times reported on Thursday.
Standard General has been approached by at least one major Warner Bros Discovery shareholder to acquire all or part of its cable television assets including CNN, the FT said, citing people briefed on the matter.
The shareholder who approached Kim could not be immediately identified, the newspaper said.
Reuters could not verify the report. Standard General and Warner Bros Discovery did not immediately respond to requests for comment outside regular business hours.
Warner Bros received offers from streaming giant Netflix and Paramount Skydance in separate deals with very different terms. The company accepted Netflix’s offer earlier this month and its board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday.
U.S. President Donald Trump has also said earlier that news network CNN should be sold as part of a deal for its parent company Warner Bros Discovery, or separately.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia Cheema)
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