Breaking Warner Bros. Discovery and Paramount Global in early merger talks

[StoriesWithPK]

Warner Bros. Discovery Buys Turkish Streamer BluTV

Warner Bros. Discovery (WBD) has acquired Turkish streamer BluTV. The U.S. media giant already had a 35% stake in the eight-year-old streamer along with content deals in place, and has upped stake …

deadline.com

Today’s news builds on WBD boss David Zaslav’s declaration during the company’s Q3 results call that it would be allocating capital towards growth initiatives around the world.


Exactly what I said yesterday.

 

[Aksgr]

Shari Redstone launches auction of Paramount Global’s holding company: sources

Shari Redstone is launching a formal auction of National Amusements, the holding company that controls struggling media giant Paramount Global, The Post has learned.

nypost.com