Warner Bros. Discovery halts merger talks with Paramount Global, sources say

2024/02/28 15:30

Paramount Global has set up a special committee, which has hired its own financial advisor, to sift through potential bids for the whole company or certain assets.

Warner Bros. Discovery has gone “pencils down” on a potential acquisition of Paramount Global, halting talks after several months of kicking the tires on merging the media companies, according to people familiar with the matter.

Skydance Media, the film and TV studio run by David Ellison, is still performing due diligence on a potential transaction, two of the people said, who asked to speak anonymously because deal talks are private.

Learn more: https://www.cnbc.com/2024/02/27/warner-bros-discovery-halts-paramount-global-merger-talks...

Last modified by 2024/02/28 15:31