It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.

Don't miss a minute of the action.

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanay with Jim Kramer

at Post 9 of the New York Stock Exchange. Fabry's at the 13D Monitor Active, Active, Passive

Investor Summit in

New York. We'll get more on that in a moment. Speaking of David, he's got some breaking news

on WBD. David? Yeah, Carl, yeah, a story we've been following closely, of course, has been

Paramount's interest in trying to buy all of Warner Brothers Discovery. As I've reported previously, those talks

have continued for quite some time privately in which Paramount has made an increasing number of

bids. Unclear to me exactly where they ended up, but here's the news this morning.

Warner Brothers is putting itself up for sale, saying that it has evaluating or it will evaluate

a broad range of strategic options that obviously

will include selling the entire company. It doesn't mean they're abandoning the plan as well

to split the company. That, of course, has been the plan that's been in place for quite some time

and one that many expected they might continue to pursue even with Paramount's

interest. But that being said, citing what is interest from multiple parties, my belief,

my reporting indicating all those parties other than Paramount have been interested in buying

the streaming and studio business, but nonetheless, citing all of those multiple parties,

again, not naming those parties, but citing multiple parties, the company has said that it will

initiate a review of strategic alternatives to, of course, what they always say, maximize

shareholder value. And so that process will begin. Now, they already have in hand a bid from

Paramount. I reported previously, you know, perhaps a range of 22 to 24, largely made up of cash.

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