Paramount Says All Regulatory Hurdles Cleared for Merger, but Lawsuit Remains
The parties outlined discovery and pretrial deadlines as settlement talks continue, with Paramount facing more than $1 billion in ticking fees.
- Paramount Skydance Corporation secured regulatory approval from 68 countries for its $111 billion acquisition of Warner Bros. Discovery, yet the deal remains blocked by an antitrust lawsuit filed by 12 State AGs.
- California and 11 other states sued in July, arguing the merger illegally reduces competition in theatrical, blockbuster, and basic cable markets, prompting the current legal challenge.
- Independent regulators across 68 jurisdictions concluded the transaction is pro-competitive, contradicting State AGs' narrow market definitions and rejecting claims of "higher prices, lower quality, and less content."
- U.S. District Judge Araceli Martinez-Olguin scheduled trial for March 2-19, a timeline threatening to cost Paramount more than $1 billion in "ticking fees" during discovery preparation.
- Paramount CEO David Ellison urged State AGs to negotiate "in good faith," as the company faces a $7 million-a-day penalty starting September 30 if the deal closes late.
19 Articles
19 Articles
Mexico approves merger between Warner Bros. Discovery and Paramount Skydance
(KYMA) - Paramount Skydance announced Mexico has approved their proposed takeover of Warner Bros. Discovery (WBD) Friday. In a press release, Mexico is one of nearly 70 countries to have approved of the merger, including the United Kingdom. The U.S. Department of Justice also approved of the merger back in June. "We are grateful that competition authorities in nearly 70 jurisdictions worldwide have independently and thoroughly reviewed this tran…
Paramount Claims Regulatory Hurdles Cleared for Merger
With approval by Mexico in hand, Paramount Skydance announced Friday it has cleared all regulatory hurdlers required to complete its proposed $110 billion acquisition of Warner Bros. Discovery. Paramount officials said the deal has undergone an eight-month review process involving regulators in 68 countries, including the U.S. Department of Justice. The deal, however, remains stalled due to a lawsuit filed by multiple states seeking to block the…
Paramount Says All Regulatory Hurdles Cleared for Merger, but Lawsuit Remains
LOS ANGELES (KESQ) - With approval by Mexico in hand, Paramount Skydance announced today it has cleared all regulatory hurdlers required to complete its proposed $110 billion acquisition of Warner Bros. Discovery. Paramount officials said the deal has undergone an eight-month review process involving regulators in 68 countries, including the U.S. Department of Justice. The post Paramount Says All Regulatory Hurdles Cleared for Merger, but Law…
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MandatoryParamount Scores Big Win in Warner Bros. Merger Situation, One Big Hurdle Remains
(Photo Credit: Paramount) Paramount secured a major milestone in the Warner Bros. merger after clearing another international regulatory hurdle. The approval marks another milestone for the deal. However, it still faces major legal challenges in the United States Paramount announced Friday that it received approval from Mexico’s competition authority, Variety reports. The deal has now received clearance or gone unchallenged by regulators in 68 j…
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