Merger talks between Warner Bros. Discovery, Paramount stall out ...Middle East

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Merger talks between Warner Bros. Discovery, Paramount stall out
Talks between Warner Bros. Discovery and Paramount on a possible merger have stalled out, according to a new report. Bankers for the two sides have gone "pencils down," CNBC's Alex Sherman reported Tuesday, noting Paramount is still sifting through other offers on a potential sale of the media behemoth. A merger between Warner Bros. Discovery, which owns TNT, Max and CNN; and Paramount, which owns CBS, MTV and several other media brands, would have marked one of the largest consolidations of two media conglomerates in recent memory. A deal likely would have resulted in the combination of the companies' news and entertainment divisions. Late last year, Warner Bros. Discovery

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