US EditionCalifornia to Probe Paramount Bid for Warner Bros Discovery
California Attorney General Rob Bonta opened a probe into the merger citing antitrust concerns about market concentration impacting jobs, prices, and consumer choice, with 11 state AGs also scrutinizing.
- California Attorney General Rob Bonta announced an open investigation by the state's Department of Justice into the Paramount and Warner Bros. Discovery merger, stating it has not cleared regulatory scrutiny yet.
- Netflix withdrew its bid for Warner Bros. Discovery after Paramount Skydance increased its offer to $31 per share, which Warner Bros. Discovery's board accepted.
- Bonta expressed concerns that market consolidation in the entertainment industry could lead to increased unaffordability, job losses, and fewer choices for consumers, emphasizing its impact on the economy and competition.
- Other California politicians, including Rep. Laura Friedman and Senator Adam Schiff, called for strict scrutiny of the merger and protections for Hollywood jobs as it proceeds.
10 Articles
10 Articles
Paramount Skydance and Warner Bros. deal is ‘not a done deal’ as CA DOJ investigates
The sale rocked Hollywood in a transaction that is sure to change the industry and create a new entertainment giant. California AG Rob Bonta was quick to quell the excitement in the hours after news of the sale went public.
California to probe Paramount bid for Warner Bros Discovery
The Warner Bros Studios logo is seen on a building along Hollywood Blvd. in Los Angeles, California on May 28, 2007. (Photo: Flickr user abgpt) The California Department of Justice has launched an investigation into Paramount’s proposed offer to acquire Warner Bros Discovery (WBD), which is likely to move forward following the surprise announcement that rival entertainment giant Netflix has abandoned its interest in parts of WBD’s business. In a…
Paramount's WBD takeover 'is not a done deal,' says California's attorney general
California attorney general says, not so fast to Paramount Warner Bros. mergerChristina House/Los Angeles Times via Getty ImagesCalifornia's attorney general is investigating Paramount's Warner Bros. merger, citing antitrust issues.California Attorney General Rob Bonta said the merger had not "cleared regulatory scrutiny."Netflix walked away from its bid for Warner Bros. on Thursday.Netflix dropped its bid for Warner Bros. Discovery, clearing a …
Paramount-WBD Pact Is 'Not a Done Deal,' California AG Teases 'Vigorous' Investigation
California Attorney General Rob Bonta warned Paramount shouldn’t celebrate just yet over its successful Warner Bros. Discovery bid, given the arrangement is “not a done deal.” The lawyer and politician issued a statement Thursday evening after WBD declared earlier in the day that Paramount’s latest offer of $31 per share was a “superior proposal,” prompting Netflix to decline to match its rival’s bid. “Paramount/Warner Bros. is not a done deal,”…
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
