Paramount and California to hold preliminary talks on Warner Bros deal, NYT reports
Rob Bonta said the deal would need robust structural remedies as 12 state attorneys general pursue a lawsuit to block the $110 billion merger.
- 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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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.
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 and California to hold preliminary talks on Warner Bros deal, NYT reports
Paramount and California state officials are set to meet on Monday to discuss a potential settlement path of the state's lawsuit aimed at stopping Paramount's acquisition of Warner Bros. Discovery , the New York Times reported on Saturday citing sources familiar with the discussions. Here's what to know:
Paramount's Warner Bros. bid and threat to leave California divide Hollywood
The proposed $111 billion merger between Paramount and Warner Bros. Discovery hit a roadblock after California's attorney general and 11 other states sued to stop it. That move was followed by Paramount Skydance CEO David Ellison threatening to take his operations out of California if the deal is not approved. William Brangham discussed more with Matthew Belloni of Puck News.
California, Paramount reps expected to meet Monday in antitrust ...
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