TL;DR CNBC

Warner Bros. Discovery and Paramount Global in early merger talks

Publishing timestamp: 2023-12-20 17:52:01

Summary

Warner Bros. Discovery and Paramount Global are reportedly in early merger talks. Paramount's controlling shareholder, Shari Redstone, is said to be eager for a deal. The discussions are preliminary, and the deal may not materialize. Warner Bros. Discovery has been cutting costs and attacking its debt levels, while Paramount carries a hefty debt load. There is speculation that Warner Bros. Discovery could also end up in merger talks with Comcast's NBCUniversal.

Sentiment: NEUTRAL

Tickers: CMCSA,  WBD,  PARA, 

Keywords: entertainment,  paramount global,  comcast corp,  business news,  warner bros discovery inc,  breaking news: business,  business, 

Source: https://www.cnbc.com/2023/12/20/warner-bros-discovery-shares-fall-on-report-about-paramount-merger-talks.html