Paramount Merger Talks Stall Amid Financial Struggles
-
Warner Bros. Discovery has halted merger talks with Paramount Global after kicking the tires for months. Skydance Media still considering a deal.
-
Paramount's credit rating was downgraded last week by S&P due to low cash flow and streaming competition, giving pause to potential buyers.
-
Comcast explored a deal to combine NBCUniversal's Peacock service with Paramount+, but is not interested in buying Paramount assets.
-
Byron Allen submitted a $14 billion bid for Paramount, but has history of not following through on deals.
-
Warner Bros. Discovery dealing with its own financial struggles, including a larger-than-expected Q4 loss amid weak advertising market.