Market Chatter: Paramount in Talks to Nominate Pentwater CEO to Warner Bros. Discovery Board

MT Newswires Live02:47

Paramount Skydance (PSKY) is in talks to nominate Pentwater Capital Management Chief Executive Matt Halbower to the board of Warner Bros. Discovery (WBD), the Financial Times reported Thursday, citing people familiar with the matter.

Pentwater is a top Warner Bros. shareholder, and Paramount is looking to enlist Halbower as part of its proxy fight to bring Warner Bros. back to the negotiating table after the media company agreed in December to an $83 billion deal to sell most of its business to Netflix (NFLX), according to the report.

Paramount didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 10.24, Change: -0.78, Percent Change: -7.04

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