WARSAW (Reuters) – Warner Bros Discovery has decided not to sell Polish broadcaster TVN, it said in a statement on Monday, drawing a line under speculation surrounding the bidding process.
The volatility unleashed on financial markets by U.S. President Donald Trump’s tariff policies has led many investors to put deal-making activity on hold.
“As we shared with you several months ago, as part of a normal process for a publicly traded company, WBD conducted a strategic review of options for TVN,” the company said in a statement sent to staff and seen by Reuters.
“That review has been completed, and WBD has concluded that the best path forward is retaining ownership of TVN, continuing to support our business, our strategy and the incredible journalistic work of our team.”
A source told Reuters that one bidder had dropped out of the race to buy TVN due to geopolitical risks and fears of recession.
(Reporting by Barbara Erling, Amy-Jo Crowley, writing by Alan Charlish; Editing by Kirsten Donovan)
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