Warner Bros. Discovery is reportedly in merger talks with Paramount Global, according to a report from Axios. WBD CEO David Zaslev reportedly met with his counterpart Paramount Global CEO Bob Bakish at Paramount headquarters in New York on Tuesday to discuss combining the Paramount+ (including Showtime) and Max streaming services, which would up the competition against the likes of Netflix and Disney+.
Zaslev also reportedly talked with Paramount owner Shari Redstone as well, Axios said. WBD has reportedly hired bankers in preparation for a possible deal and it’s not clear yet whether WBD would acquire Paramount Global outright or its parent company National Amusements Inc.
