Warner Bros. Discovery (WBD) is halting talks on a potential acquisition of Paramount Global (PARA) after several months of “kicking the tires on merging the media companies,” people familiar with the matter told CNBC’s Alex Sherman. Comcast (CMCSA) isn’t interested in buying any Paramount Global assets, but would consider commercial partnerships, like bundling or merging Peacock and Paramount+, the report added, citing sources. Skydance Media is still doing due diligence on a potential transaction with Paramount Global, the sources added, according to Sherman.
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