Warner Bros. Discovery, Paramount Global in Merger Talks
variety.comWarner Bros. Discovery and Paramount Global have held talks about a potential merger of the two media companies, Variety has confirmed.
Reps for Paramount Global and WBD declined to comment. Warner Bros. Discovery CEO David Zaslav had a meeting with Paramount Global CEO Bob Bakish on Tuesday in New York City to discuss a possible merger, sources said.
Axios first reported the talks. Zaslav also has spoken to Shari Redstone, whose National Amusements owns a controlling stake in Paramount Global, about a possible combination of the comapnies.
Redstone has been in talks to sell her shares in NAI, according to multiple reports. Redstone discussed a sale of her NAI stake with Skydance Media CEO David Ellison, who has teamed with private-equity firm RedBird Capital, and she separately met with departing Activision Blizzard CEO Bobby Kotick about a possible deal, the Journal reported.
Read more on variety.com
