WBD - What's Going On With Warner Bros. Discovery and Paramount Global Stocks Tuesday? | Benzinga
After months of exploratory talks, Warner Bros. Discovery Inc (NASDAQ:WBD) has ceased discussions about acquiring Paramount Global (NASDAQ:PARA), indicating a significant shift in the merger landscape between these major media entities. Both the stock prices climbed after the reports.
Despite the halt in negotiations with Warner Bros. Discovery, Skydance Media, led by David Ellison, remains in the process of due diligence regarding a potential deal.
Paramount Global has proactively evaluated its future, established a special committee, and engaged a financial adviser to examine offers for the entire company or specific segments, CNBC reports.
Media entrepreneur Byron Allen extended a $14 billion bid for Paramount Global, ...