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.
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53 Articles
Growing Doubts That The Paramount Settlement Talks With California AG Will Reach a Deal Today Even As The AG Faces Growing Democratic Pressure to Settle The Lawsuit
Representatives from Paramount Skydance and the office of California Attorney General Rob Bonta are scheduled to meet on Monday to discuss a possible settlement in the multi-state antitrust lawsuit that has blocked the company’s proposed $111 billion acquisition of Warner Bros. Discovery. The talks have drawn significant attention across Hollywood and the broader media industry, […] The post Growing Doubts That The Paramount Settlement Talks Wit…
Paramount CEO David Ellison recently threatened to move his studio out of California if a settlement is not reached before October 1 in the lawsuit against his acquisition of Warner Bros. On the popular studio tour at Paramount, they don't think things will come to that.
California calls off meeting with Paramount over WBD takeover, NYT reports
By Anna Cooban, Brian Stelter, CNN London (CNN) — California’s attorney general has reportedly scrapped talks scheduled for Monday with representatives of Paramount over the company’s planned $110 billion takeover of Warner Bros. Discovery. The parties were due to discuss a potential settlement of California’s lawsuit that is attempting to block the merger and was
California Cancels Talks With Paramount Over Warner Bros. Merger
This article was originally published on Cedarnews.net. For more news and exclusive reports, visit our website. California Cancels Talks With Paramount Over Warner Bros. Merger. Merger The New York Times Exclusive | California Expected to Seek TV Channel Sales From. This news was published on the Cedarnews website. For more breaking news and exclusive reports, visit our official website.
Paramount Skydance is asking for a bail of $1.88 billion (EUR 1.61 billion at the current exchange rate) that would be deposited by the 12 US states that put a lawsuit in court with the aim of halting the merger with Warner Bros Discovery, according to a document delivered to the competition regulator, on August 17, consulted by CNBC. This value, refers to Paramount is a direct calculation of the maximum potential counterparty and the financing …
California cancels meeting with Paramount over Warner Bros merger, accuses firm of acting in 'bad faith': Details
California Attorney General Rob Bonta called off a scheduled meeting with Paramount Skydance executives that was intended to open settlement discussions over the state's lawsuit challenging Paramount's proposed takeover of Warner Bros. Discovery.
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