Paramount and WB Merger Discussions
The number of major studios in Hollywood might soon get even smaller as Paramount Skydance is said to be very bullish on acquiring Warner Bros.
CEO David Zaslav is entertaining offers, despite Warner Bros. Discovery having a banner year at the box office.
- Paramount Skydance, backed by Oracle founder Larry Ellison, wants to acquire Warner Bros.' studio and streaming assets.
- Assets include HBO Max, Warner Bros. Television & Motion Pictures, and DC Studios.
Paramount made an initial offer of $20 per share, totaling a market capitalization of roughly $49.64 billion, which was rejected.
No official statement from Warner Bros. or Paramount on the merger discussions.
Author's summary: Paramount Skydance eyes Warner Bros. acquisition.
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