Paramount and California to hold preliminary talks on Warner Bros deal, NYT reports
Paramount initiates talks with California officials to explore settlement of antitrust lawsuit blocking its $110 billion Warner Bros. Discovery acquisition, ahead of a March trial.
- On Monday, Paramount Skydance representatives will meet with California Attorney General Rob Bonta's office to discuss a potential settlement of the antitrust lawsuit blocking the Warner Bros. Discovery merger, The New York Times reported Saturday.
- A group of 12 state attorneys general filed the lawsuit in July, challenging the proposed $110 billion acquisition that Bonta claims would harm competition by creating a massive portfolio of TV networks.
- Paramount faces a quarterly "ticking fee" of roughly $650 million if delayed beyond Sept. 30, and a $7 billion breakup fee if the acquisition fails entirely, according to CNBC.
- Growing pressure to settle has mounted in recent weeks, with California Gov. Gavin Newsom, Los Angeles Mayor Karen Bass, and the Directors' Guild of America urging a resolution to prevent job losses.
- Disagreements persist over settlement scope as Bonta insists on "robust structural remedies" while Paramount seeks to discuss topics outside the complaint, with a March trial narrowing the window for resolution.
22 Articles
22 Articles
New York, Aug 22 (EFE).- Representatives of Paramount and the California government will hold preliminary talks to try to find a solution to the state's lawsuit against the merger of the producer with Warner Bros Discovery, according to The New York Times. According to four contacts, the meeting is scheduled for Monday. The meeting marks the first rapprochement after California and eleven other states filed a lawsuit against the acquisition of W…
Paramount, California Reportedly to Meet Monday in Settlement Talks
Paramount will meet with California officials Monday in preliminary talks about a possible settlement to the state’s lawsuit that seeks to halt the company’s pending $110 billion acquisition of Warner Bros. Discovery, according to a report Saturday. Citing “four people briefed on the upcoming discussions,” the New York Times reported on the planned discussion Saturday, adding that Paramount asked for the meeting. The talks will include senior ex…
The governor of California, Gavin Newsom, stated that he prefers an agreement on the action taken by the state attorney general against the acquisition of Warner Bros. Discovery Inc. by Paramount Skydance Corp., for US$ 110 billion, "if it's a good deal." This needs to be resolved, and this is a process that is ongoing, Newsom said on Friday (21), during a collective interview in San Francisco. I'm worried about the state, with our reputation.Ne…
Paramount, California AG office to meet Monday to discuss settling Warner Bros. Discovery lawsuit
Paramount, California AG office to meet Monday to discuss settling Warner Bros. Discovery lawsuit Click this link for the original source of this article. Author: CNBC This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the...
Paramount, California AG office reportedly plan to meet Monday to discuss settling WBD lawsuit
Paramount and the California A.G. office are set to meet Monday to discuss a settlement of the antitrust lawsuit over Paramount's Warner Bros. Discovery deal.
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