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Warner Bros. Discovery is no longer pursuing an acquisition of Paramount Global, CNBC reported on Tuesday. Meanwhile, Skydance is still performing its due diligence on a potential merger with Paramount — or perhaps an acquisition of its parent company. https://t.co/rJEmwwsyNn https://t.co/azW3W2xBrB
Warner Bros. Discovery is no longer pursuing an acquisition of Paramount Global. Meanwhile, Skydance is still performing its due diligence on a potential merger with Paramount — or perhaps an acquisition of its parent company. https://t.co/yWFoVA66O1 https://t.co/MRhf1tpxsl
melting ice cubes Warner Bros. Discovery halts merger talks with Paramount Global, sources say https://t.co/2Tap5ONct8
Warner Bros. Discovery's stock plunges after disappointing movie performances of 'The Color Purple' and 'Aquaman' lead to sinking earnings. The media conglomerate reports a bigger-than-expected quarterly loss due to weak advertising market and Hollywood strikes. Despite a full-year profit from streaming, a $400M Q4 net loss causes a nearly 10% stock drop. The company misses revenue forecast but streaming business turns profitable in 2023. Warner Bros. Discovery halts merger talks with Paramount Global after several months of negotiations.