Warner Bros. Discovery in talks to merge with Paramount


Warner Bros. Discovery has joined the ranks of companies expressing interest in a potential merger with Paramount, according to two people with knowledge of the discussions.

David Zaslav, chief executive of Warner Bros. Discovery, had lunch this week with Bob Bakish, chief executive of Paramount, and expressed interest in a possible merger of the two companies, the two people said.

During the lunch, held Tuesday at Paramount's headquarters in Midtown Manhattan, the prospect of a merger came up in a wide-ranging conversation between Bakish and Zaslav, the people said.

Shares of Warner Bros. Discovery fell on news of the deal, which was previously reported by Axios. Paramount shares fell slightly in after-market trading.

This is a developing story. Please check back for updates.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *