Warner Bros. Discovery in talks to combine with Paramount Global
(www.marketwatch.com)https://www.marketwatch.com/story/warner-bros-discovery-in-talks-to-combine-with-paramount-global-axios-reports-ebf30af2?mod=mw_rss_marketpulseThe 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.