Warner Bros. Discovery rejects three Paramount Skydance takeover offers, including one for nearly $24 per share. The company is reviewing all bids after receiving “unsolicited interest” from multiple parties. Netflix and Comcast are reportedly interested. CEO David Zaslav says they are exploring strategic alternatives to unlock the full value of their assets.

Shares of WBD surged almost 11% on Tuesday and continued to rise by 1% in morning trading Wednesday. The company plans to separate into two entities: a streaming and studios business and a global networks business. Comcast, the parent company of NBCUniversal, which owns CNBC, is set to spin off Versant as its new parent company.

Read more at CNBC: WBD rejected three Paramount offers, last for under $24/share: sources