(Reuters) -Paramount Skydance plans to keep much of Warner Bros Discovery intact if the two companies merge, with CEO David Ellison aiming to retain creative teams at both studios while streamlining marketing and distribution, Bloomberg News reported on Monday.

Reuters could not immediately verify the report. The companies did not immediately respond to Reuters’ requests for comment.

Last week, Reuters reported Warner Bros board rejected a nearly $60 billion offer from Paramount.

No decisions have been made on whether Paramount would divest real estate assets tied to either company, the Bloomberg report said, citing people familiar with the matter, adding that under Ellison’s plan, Warner Bros’ HBO Max streaming service would merge into the existing Paramount+ platform.

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