Warner Brothers Discovery and Paramount are in merger talks
Image Credit: ign
Shares of Warner Brothers Discovery took a 5% hit amid rumors of potential merger talks with Paramount Global. Warner Brothers Discovery CEO David Zaslav and Paramount Global CEO Bob Bakish met in New York this week to discuss the possibility of a merger between the two media giants, according to multiple media reports. This could lead to further consolidation in the media industry and draw attention from US regulators.