Spokespeople for Warner Bros. Zaslav, who executed a number of acquisitions at Discovery, has talked in recent months about going shopping for additional assets to boost Warner Bros. Discovery’s content offerings. Shari Redstone, the family heiress of Paramount’s parent company, National Amusements, has reportedly been in talks to sell her stake in the company. Investors weren’t happy, though: Warner Bros. Discovery’s (WBD) stock fell immediately after Axios published its report and ended the day down 5.7%. Warner Bros.

Source: CNN December 20, 2023 23:56 UTC