Shares of Warner Bros. Discovery Inc. and Paramount Global Inc. rose after a latest report said merger talks between the media giants have stopped.

CNBC reported Tuesday that Warner has halted talks to accumulate Paramount after several months of kicking the tires. Axios had first reported on the merger talks in December.

Warner shares
WBD,
+1.75%
rose nearly 2% on Tuesday, while Paramount
PARA,
+1.44%
gained 1.4%.

Warner accomplished its complicated merger with Discovery last yr, and analysts had been skeptical that one other merger — this one involving combining TV networks like CBS and CNN and streaming services reminiscent of Max and Paramount+ — would pass regulatory muster.

Skydance Media, the TV and film studio owned by David Ellison, has been reportedly interested for months in buying some or all of Paramount and its parent company, National Amusements, which is currently controlled by Shari Redstone.

CNBC reported that Skydance remains to be thinking about Paramount, and remains to be performing due diligence on a possible deal.

Comcast Corp.
CMCSA,
+0.19%,
which owns Peacock, isn’t thinking about acquiring any Paramount assets, CNBC reported, but stays open to a streaming three way partnership, which the Wall Street Journal reported last week.

In keeping with CNBC, Paramount has established a special committee with its own financial adviser to mull potential bids for some or all the company.

Warner Bros. Discovery shares slid 10% on Friday after the corporate posted a wider-than-expected fourth-quarter loss. Its stock is down 14% yr thus far, and is off 44% over the past 12 months.

Paramount is predicted to report earnings Wednesday. Its stock is down 18% this yr and has fallen 47% over the past yr.