Warner Bros. Discovery reportedly in talks to merge with Paramount
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 21 December 2023
⏱️ 7 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Thursday, December 21st. I'm Julie Morgan. |
| 0:13.0 | Warner Brothers Discovery and Paramount Global are reportedly talking about a possible deal. |
| 0:19.0 | City is dropping one of its business pursuits and Panasonic is saying no to the sooner state. |
| 0:26.0 | Warner Brothers Discovery has held talks with Paramount Global to discuss a potential merger |
| 0:32.0 | with the owner of Paramount Movie Studio as well as CBS and other TV properties. |
| 0:37.2 | According to an Axios report on Wednesday, which cited multiple unidentified sources. |
| 0:42.8 | The CEOs of Warner Brothers and Paramount |
| 0:45.6 | met on Tuesday in New York City to discuss a deal. |
| 0:49.0 | The report says they met for several hours |
| 0:51.6 | at Paramount's headquarters in Times Square. |
| 0:54.3 | Bloomberg on Wednesday confirmed that Warner Brothers Discovery held talks with Paramount |
| 0:59.5 | about a potential combination. The talks are described as preliminary. |
| 1:04.0 | The Wall Street Journal also confirmed the discussions but said no formal talks between the companies |
| 1:09.8 | are underway. |
| 1:11.2 | It's not clear if Warner Brothers Discovery would buy Paramount Global |
| 1:14.8 | or its parent company National Amusements, though both options are possibilities |
| 1:19.6 | according to Axios. Talks between the companies are in early stages and may not lead to a deal |
| 1:25.3 | according to the report. Warner Brothers which also owns HBO and CNN has a |
| 1:30.6 | market cap of $30 billion while Paramount is valued at $10.5 billion. |
| 1:36.0 | News of a potential Paramount sale also comes after Paramount in November, |
| 1:41.0 | implemented a change to severance for key executives in the event of a change in |
... |
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