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Browsing: Acquisition
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For the past several months, rumors have circulated online claiming that various corporate entities are interested in acquiring Warner Bros. Discovery ahead of the media conglomerate’s planned split into two divisions. That possibility has taken another step towards becoming a reality, with WBD announcing in a press release this morning that they’re officially exploring a sale.
“While [WBD] continues to advance its previously announced separation of Warner Bros. and Discovery Global, its Board of Directors today announced it has initiated a review of strategic alternatives to maximize shareholder value, in light of unsolicited interest the Company has received from multiple parties for both the entire company and Warner Bros,” the statement reads.
The release confirmed that the company is open to selling off parts of the business, or a full acquisition, depending on what would earn the most money for shareholders. In the meantime, it will continue to move towards the corporate split in the event that a successful sale doesn’t materialize.
WBD has served as the primary broadcast partner for AEW since the company was founded in 2019. The two parties signed a media rights extension last year, which should keep the business relationship going for the next few years even if a sale does occur. However, it’s very possible that AEW representatives will be negotiating with an entirely different company when it comes time to start working out the next agreement. It’s also worth noting that WBD is said to own a stake in AEW, and any company that acquires WBD would presumably take on that piece of ownership as well.
Only one hour after acquiring him in the Ryan Ellis trade with the San Jose Sharks, the Philadelphia Flyers have already placed new forward Carl Grundstrom on waivers.
Grundstrom, 27, is in the last year of a two-year, $3.6 million contract he signed with the Sharks on July 4, 2024, meaning the Flyers will not get full cap relief on his $1.8 million AAV if he is assigned to the AHL Lehigh Valley Phantoms.
That’s fairly inconsequential, though, as Grundstrom’s remaining $650k cap hit would still be significantly better than the $6.25 million cap hit Ellis would have carried for the 2025-26 and 2026-27 seasons.
According to PHLY’s Charlie O’Connor, the Flyers have not yet decided whether Grundstrom will make their NHL roster, but placed the Swede on waivers to give themselves the option to assign him to the AHL if and when needed.
As a reminder, the Flyers must submit their opening night roster to the NHL by 5 p.m. on Monday, so time was of the essence with this particular transaction.
Flyers, Sharks Complete Multi-Player Deal Involving Veteran Defenseman
The Philadelphia Flyers have quietly turned the page on one of the most frustrating “what ifs†in recent franchise memory, trading defenseman Ryan Ellis and a conditional 2026 sixth-round pick to the San Jose Sharks in exchange for defenseman Artem Guryev and forward Carl Grundstrom.
And, as for what Flyers fans can expect from Grundstrom if he does stick around, the 6-foot forward is a positionally versatile career fourth-liner who loves to play with a physical edge, but won’t do too much else.
The former Toronto Maple Leafs second-round pick was teammates with former Flyers Sean Walker and Cal Petersen with the Los Angeles Kings, and he produced a respectable 12 goals, seven assists, and 19 points in 57 games with L.A. in 2022-23.
If the Flyers decide to keep Grundstrom, it probably also means that they weren’t impressed with one or both of Rodrigo Abols and Jett Luchanko, both of whom are currently on the NHL roster as things stand.
But, until then, the other 31 NHL teams will have the opportunity to claim Grundstrom off waivers from the Flyers for free.
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Dave McMenamin
Dave McMenamin
ESPN Staff Writer
- Lakers and NBA reporter for ESPN.
- Covered the Lakers and NBA for ESPNLosAngeles.com from 2009-14, the Cavaliers from 2014-18 for ESPN.com and the NBA for NBA.com from 2005-09.
Sep 24, 2025, 04:51 PM ET
LOS ANGELES — Two of the Buss family brothers are venturing into professional sports beyond the Los Angeles Lakers.
Joey Buss, the Lakers’ alternate governor and vice president of research and development, and Jesse Buss, the team’s assistant general manager, are launching Buss Sports Capital. The new business is an investment firm aimed at identifying acquisitions and partnerships across the global sports landscape.
Joey, 41, and Jesse, 37, worked their way up serving various roles for the Lakers organization, which was purchased by their father, the late Jerry Buss, in 1979 and passed on to his children in a trust after his death in 2013.
In June, the Buss family agreed to sell its controlling stake in the team at a $10 billion franchise valuation to Mark Walter, the Los Angeles Dodgers owner and CEO and chairman of TWG Global. The sale is expected to be ratified by the NBA’s board of governors in the coming months, sources told ESPN.
Both brothers will remain with the Lakers after the sale is finalized, with their older sister, Jeanie Buss, continuing to serve as the primary team governor for the foreseeable future, sources said.
“Our vision is to really go after strategic investments and good partners — specifically sports-related investments,” Joey Buss told ESPN. “Buss Sports Capital is not going to compete with our interests in the Lakers or the NBA. This is our first step towards where the future of sports is going to lead us. It is exciting to see what growth opportunities exist — particularly opportunities that we can add value to, given our skill sets.”
Buss Sports Capital has partnered with CAA Evolution to lead the transaction process, and EM Securities will serve as the organization’s banking partner, sources said.
Both brothers have honed their careers with the Lakers focusing on talent acquisition and development, with Joey serving as the team president and CEO of the South Bay Lakers — the Lakers’ G League affiliate — and Jesse involved in the draft process year-round as the Lakers’ director of scouting.
“I look forward to working with my brother, Joey, for the next 50 years and hopefully this is something that can live through our children,” Jesse Buss told ESPN. “That’s what our dad would have wanted.”
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