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>Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish on Tuesday in New York City to discuss a possible merger, Axios has learned from multiple sources.
>Zaslav also has spoken to Shari Redstone, who owns Paramount's parent company, about a deal.
>The duo discussed ways their companies could compliment one another. For example, each company's main streaming service — Paramount+ and Max — could merge to better rival Netflix and Disney+.
>It's unclear whether WBD would buy Paramount Global or its parent company, National Amusements Inc. (NAI), but a source familiar with the situation says that both options are on the table.
>WBD is said to have hired bankers to explore the deal.
More at the link: https://www.axios.com/2023/12/20/warner-bros-paramount-merger-discovery-streaming
>Zaslav also has spoken to Shari Redstone, who owns Paramount's parent company, about a deal.
>The duo discussed ways their companies could compliment one another. For example, each company's main streaming service — Paramount+ and Max — could merge to better rival Netflix and Disney+.
>It's unclear whether WBD would buy Paramount Global or its parent company, National Amusements Inc. (NAI), but a source familiar with the situation says that both options are on the table.
>WBD is said to have hired bankers to explore the deal.
More at the link: https://www.axios.com/2023/12/20/warner-bros-paramount-merger-discovery-streaming