Warner Bros. Discovery Inc. (WBD) saw a 16.3% increase in share prices last week, reaching a new all-time high. Despite rejecting acquisition offers from Paramount Skydance, Warner Bros. remains open to other bids, with Netflix Inc. and Comcast Corp. rumored to be among the bidders.

CEO David Zaslav stated that Warner Bros. is exploring strategic alternatives after receiving interest from multiple parties. While some see potential in WBD as an investment, others believe that AI stocks offer greater promise for higher returns with limited downside risk.

Investors pushed Warner Bros. stock to $21.57 on Friday, but it closed slightly lower at $21.15. The company’s rejection of Paramount Skydance’s $60 billion bid signals a potential sale in the future, as Warner Bros. continues to review other offers to maximize the value of its assets.

Read more at Yahoo Finance: Warner Bros. (WBD) Jumps 16.3%, Hits New High on More Acquisition Bids