Warner Bros. Discovery halts merger talks with Paramount Global, sources say
Publishing timestamp: 2024-02-27 12:53:13
Summary
Warner Bros. Discovery is no longer pursuing a merger with Paramount Global, while Skydance Media is still considering a potential transaction. Comcast is not interested in buying Paramount Global assets but may consider commercial partnerships. Paramount Global has set up a special committee to sift through potential bids. Warner Bros. Discovery shares fell after missing analyst targets, while Paramount Global is trading close to its 52-week low.
Sentiment: NEUTRAL
Keywords: paramount global, warner bros discovery inc, business news, comcast corp, breaking news: business, media, technology,
Source: https://www.cnbc.com/2024/02/27/warner-bros-discovery-halts-paramount-global-merger-talks.html