A merger between Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) would face regulatory scrutiny, financial, operational, and investor hurdles, as well as possible interference from President Donald Trump, Bloomberg’s Hannah Miller reports. The deal would also lead to thousands of job firings through consolidation of businesses like their competing streaming services, Paramount+ and HBO Max, Miller writes. Warner said late last year it planned to restructure into two operating divisions, one focused on the legacy cable TV business and the other on streaming and studios, but the offer will be for the entire company, including its cable networks and movie studio, The Wall Street Journal previously said.
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