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After almost a year in the trenches pulling together his historic combination of Paramount Skydance and Warner Bros. Discovery, David Ellison has finally emerged victorious. On Monday, the Silicon Valley heir confirmed he’d reached a settlement with a group of state attorneys general, who sued to block the merger over antitrust concerns. The proposed merger […]
The Writers Guild of America East and Writers Guild of America West, jointly the WGA, have settled their lawsuit to block the proposed merger of Paramount Skydance and Warner Bros. Discovery per a statement released by the organization Monday. The settlement comes following the news that Paramount has reached a deal with 12 state attorneys […]
Rob Bonta defended the antitrust settlement that allows Paramount to merge with Warner Bros. on Monday, saying in a 45-minute press conference that the deal includes independent monitoring and will result in more jobs in Hollywood. But the deal does not include the three words — robust structural remedies — that California’s attorney general had […]
The details of Paramount’s deal with 12 states settling their antitrust case — paving the way for its takeover of Warner Bros. Discovery, the biggest merger in Hollywood history — have been revealed. Among the top-line items: Paramount is agreeing to keep its operations in California and has committed to not sell the Paramount Studios […]
Paramount has reached a deal with 12 state attorneys general that removes a major obstacle to closing its acquisition of Warner Bros. Discovery. The deal comes just before the company was to begin accruing a $7 million daily “ticking fee” on Oct. 1, which was seen as an important milestone in the case. Bloomberg was […]
On Sunday, settlement talks between Paramount and the state attorneys general that sued to block its Warner Bros. Discovery deal continued — but there was no resolution by the end of the day. But while California Attorney General Rob Bonta, who is leading the 12-state coalition’s antitrust litigation, is said to be open to considering […]
Paramount Skydance is moving closer to the finish line of its yearlong pursuit of Warner Bros. Discovery as the company’s weekend settlement negotiations with the state attorneys general reach a critical stage. Meanwhile, opponents of the merger are rallying to protest what it warns is shaping up to be a “cave” by the 12-state coalition […]
David Ellison’s Paramount Skydance is in “advanced talks” with California Attorney General Rob Bonta to settle the 12-state antitrust suit that’s holding up its takeover of Warner Bros. Discovery, the Wall Street Journal reported Friday, citing anonymous sources. A Paramount spokesperson declined to comment. A rep for Bonta’s office said, “Potential settlement talks are confidential. […]
