Deadline has confirmed that Warner Bros Discovery and Paramount Global have held talks on a possible merger. Paramount Global CEO Bob Bakish and WBD boss David Zaslav sat down on December 19 at the former’s NYC HQ, a well place source tells Deadline, “It was all rather preliminary, ” the source says of the talks “Shari is on a bit of a listening tour to see what she might be able to get if she decides to sell the company or part of it,” he added, noting Redstone was not in the room with Zas and Bakish for the actual meeting.
Redstone did have a separate conversation with Zaslav this week where the “role” of broadcast network CBS in any potential future deal was a major topic. “Shari wants to sell,” an insider recently told Deadline. “The studio could be sold in 15 minutes and I wouldn’t be surprised if it’s sold in two years,” the insider added.
Wall Street didn’t have any immediate reaction to the deal. WBD stock slipped almost 6% during the regular trading day and was basically flat in after-hours trading.
Paramount slid 2% and drifted down further after the session. Word of the talks surfaced not long after Bloomberg reported that Paramount had also been discussing the potential sale of BET Networks.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.