WBD, Paramount reportedly halt merger talks: CNBC

Warner Bros. Discovery (WBD) halts potential merger talks with Paramount Global (PARA), according to CNBC reporting. Yahoo Finance Live anchor Akiko Fujita breaks down the available details, noting recent buyout offers to Paramount including media mogul Byron Allen's $14.3 billion bid.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Luke Carberry Mogan.

Video Transcript

AKIKO FUJITA: Let's do a final check here. We're taking a look at shares of Warner Brothers Discovery and Paramount. CNBC now reporting that merger talks have been halted between the two media companies. Paramount has reportedly received several offers in the last few months. David Ellison's Skydance Media, the film and TV studio there, is reportedly still performing due diligence on a potential transaction. There is, of course, Byron Allen's $14 billion offer reportedly still on the table. And you're looking at shares of Paramount and WBD both climbing higher. But WBD, of course, near that 52-week low there.