Warner Bros. Discovery is exploring the sale of its company in light of “unsolicited interest” from multiple parties, a press release confirms.

A few months ago, the company had announced it would be splitting into two companies: Streaming & Studios and Global Networks. The purpose is to improve its shareholder value and improve its presence in entertainment, sports, and news, according to a press release shared by the company. The Streaming & Studios company would include Warner Bros., DC Studios, HBO, and HBO Max, as well as film and television libraries. Global Networks would consist of entities such as CNN, TNT Sports, and Discovery in the U.S., some European channels, and digital products including Discovery+ and Bleacher Report (B/R).

“The cultural significance of this great company and the impactful stories it has brought to life for more than a century have touched countless people all over the world. It’s a treasured legacy we will proudly continue in this next chapter of our celebrated history,” said David Zaslav, president and CEO of Warner Bros. Discovery who will serve as president and CEO of Streaming & Studios. “By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today’s evolving media landscape.”

It appears multiple parties now have their sights on Warner Bros. Discovery and are interested in purchasing the entire company or parts, Deadline reports. The company still intends on separating at this time but is considering all options for a possible sale and is open to “an alternative separation structure,” according to CNBC. Netflix and Comcast were reportedly two of the interested buyers, though they have not commented on the potential sale.

Shares of Warner Bros. Discovery reportedly increased by 10% in premarket trading.

“We continue to make important strides to position our business to succeed in today’s evolving media landscape by advancing our strategic initiatives, returning our studios to industry leadership, and scaling HBO Max globally,” Zaslav explained. “We took the bold step of preparing to separate the company into two distinct, leading media companies, Warner Bros. and Discovery Global, because we strongly believed this was the best path forward.”

He continued, “It’s no surprise that the significant value of our portfolio is receiving increased recognition by others in the market. After receiving interest from multiple parties, we have initiated a comprehensive review of strategic alternatives to identify the best path forward to unlock the full value of our assets.”

No deadline or definitive timeline has been announced related to the strategic alternatives review process or its completion.