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Warner: falls on rumours of merger with Paramount

( - Warner Bros.
has continued its slide on the Nasdaq, closing down 1.5% yesterday after already falling 5.7% on Wednesday.

Yesterday, online news site Axios reported that Warner Bros. CEO Davis Zaslav had met with his counterpart at Paramount Global, Bob Bakish, to discuss a potential merger.

This information was confirmed by the Wall Street Journal, which however understands that at present no formal negotiations between the companies are underway.

This potential merger could give birth to a new information and entertainment giant.

Paramount lost 1.5% on Wednesday and 2.8% yesterday.

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