WBD’s David Zaslav, Gunnar Wiedenfels Break Down Split That Will See Standalone Companies “Free And Clear” For M&A

Gunnar Wiedenfels is getting his own company to run. It will soon be open season for media M&A. Discovery+ and HBO Max are going their separate ways. Those are a few takeaways from Warner Bros Discovery’s plan to split announced Monday. Shares initially popped about 9% on the news — which, in…