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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

Warner Bros Discovery and Paramount discuss possible $38bn mega-merger

Warner Bros. and Paramount studio water towers composite
The bosses of Warner Bros Discovery and Paramount Global have reportedly spoken about a possible merger. Composite: AaronP/Bauer-Griffin/GC Images/Getty Images/Kilmer Media/Alamy

Warner Bros Discovery and Paramount Global are reportedly in early stage talks about a merger that could bring two of the world’s largest media firms under one roof with a combined market value of $38bn (£30bn).

It is understood that Warner Bros’ chief executive, David Zaslav, discussed a potential merger – that could bring together HBO and CNN with CBS News and the hit Mission: Impossible films – while having lunch with his counterpart, Bob Bakish, at Paramount’s offices in New York this week.

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