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Warner Bros. Discovery in talks to combine with Paramount Global

submitted by mxcviel to news 1.5 yearsDec 20, 2023 17:46:04 ago (+1/-0)     (www.marketwatch.com)

https://www.marketwatch.com/story/warner-bros-discovery-in-talks-to-combine-with-paramount-global-axios-reports-ebf30af2?mod=mw_rss_marketpulse

The chief executives of Warner Bros. Discovery Inc. WBD, -5.66% and Paramount Global PARA, -2.02% met on Tuesday to talk about a potential merger, a move that would further consolidate an entertainment and streaming industry searching for stronger profitability.

The two executives — David Zaslav (was born into a Jewish family) at Warner and Bob Bakish (a native of New Jersey) at Paramount — met for several hours in Paramount’s headquarters in Times Square.


3 comments block

mxcviel 0 points 1.5 years ago

spreading their ownership, jep