Paramount Global and Warner Bros. Discovery stocks have each dropped by double digits since Paramount’s majority owner National Amusements called off merger ... ended the talks and is likely ...

The talks with potential successors ... Hollywood — to restore the standing of Warner Bros. shortly after closing Discovery Inc.’s $43 billion merger with AT&T Inc.’s WarnerMedia in 2022.

Total financial restructuring costs resulting from the merger were estimated at $4.1 billion to $5.3 billion. The new company has pledged to find $5 billion in “synergies,” including a substantial ...