By After months of early talks, Warner Bros. Discovery has reportedly halted further discussion of a potential acquisition of Paramount Global according to sources for CNBC.
The outlet says Paramount Global has set up a special committee to sift through potential bids for the whole company or certain assets.
Warner’s CEO David Zaslav had a preliminary conversation with Paramount Global CEO Bob Bakish in December with more serious merger discussions in January. The new report indicates talks have since cooled off.
David Ellison’s Skydance Media is said to still be performing due diligence on a potential transaction for Paramount. Skydance’s interest was reported a few weeks back.
NBCUniversal reportedly isn’t interested in acquisition, but Comcast is believed to be working with house bankers to explore a potential commercial partnership with Paramount Global.
As reported the other week, the most likely possibility from this is a potential bundling or merging of streaming services Peacock and Paramount+ to better compete.
The post Warners Halts Paramount Merger Talks appeared first on Dark Horizons.
