Tag

Merger

All articles tagged with #merger

business19 days ago•21 min saved

Paramount-WBD Merger Targets 36-Release 2027 Slate with 32 Films/Year Benchmark

Deadline reports that a post-merger Paramount–Warner Bros. Discovery would already boast a 36-film release slate for 2027, with a three-year target of 32 films annually and a $30 million shortfall penalty split among workers; the deal’s integration involves leadership questions and potential duplication in marketing and distribution as Ellison moves to close the merger, all against a backdrop of competitive scheduling and market dynamics.

via Deadline|

#antitrust #business #film-slate-2027

business19 days ago•17 min saved

Late-Weekend Push Seals Paramount-WBD Merger Settlement

Paramount’s settlement with 12 Democratic state attorneys general over its merger with Warner Bros. Discovery was finalized after a weekend push and a sundown sign-off, with California AG Rob Bonta acknowledging progress but avoiding specifics on timing; Gov. Gavin Newsom reportedly pressed for a deal outside court. The agreement avoids a trial and includes provisions such as an editorial independence board for CNN and CBS News, with executives signaling the deal should close within about two weeks.

via Deadline|

#business #gavin-newsom #merger

business19 days ago•8 min saved

States settle Paramount-Warner merger with US-film quotas and AI safeguards

Paramount Skydance reached a settlement with California and about a dozen other state attorneys general over its $110bn merger with Warner Bros Discovery. The deal imposes at least 30 film releases per year with increasing US production share, or Paramount could be forced to divest its 49% Miramax stake; adds guardrails against AI-generated content; appoints an independent monitor; and includes a $17.5m payment to the Writers Guild health fund plus legal-fee coverage. California and others say the settlement isn’t an endorsement of the merger, but supporters argue it could boost US film production and economic activity, potentially boosted further by federal tax credits. The WGA remains wary of the merger’s impact on writers.

via BBC|

#attorneys-general #business #film-production

business19 days ago•4 min saved

Settlement clears path for Paramount-WBD mega-merger

Paramount Skydance reached a settlement with 12 state attorneys general ending the antitrust challenge to its roughly $110 billion merger with Warner Bros. Discovery, in exchange for concessions including a 30–32 film/year slate with indie and blockbuster quotas, an independent film fund, $1.5 billion in five years of increased US production, a push to move more TV/film production to the US, and an editorial-independence board for CBS and CNN; separate cable negotiations will continue. The Writers Guild of America settled its suit separately, and DOJ had already cleared the merger, clearing the way for a global media powerhouse.

via Axios|

#antitrust #business #merger

business19 days ago•18 min saved

Paramount Clears Antitrust Hurdle, Paving Way for Warner Bros. Deal

Paramount reached a settlement with 12 state attorneys general that removes a major obstacle to its $111 billion takeover of Warner Bros. Discovery, just before it would begin accruing a $7 million daily ticking fee. The deal, led by California AG Rob Bonta, reportedly does not require significant divestitures, but includes discussions over Paramount’s commitments to remain in California, production levels, and editorial oversight of CBS News and CNN. The WGA has a separate suit tied to the merger, and an official announcement is expected as Paramount moves toward closing the historic deal that aims to better compete with Netflix and Amazon.

via Variety|

#antitrust #business #california

biotech19 days ago•2 min saved

Telix to acquire ITM in $1.65B radiopharma merger with up-to-$700M earn-out

Telix Pharmaceuticals will acquire ITM Isotope Technologies in a deal worth at least $1.65 billion, with the potential to pay up to $700 million more if ITM’s lead radiopharmaceutical meets regulatory and sales milestones, creating a larger radiopharma player to compete with Novartis in the growing field.

via STAT|

#biotech #earn-out #itm-isotope-technologies

business20 days ago•18 min saved

Ruffalo Urges CA AG to Block Paramount-Warner Merger: ‘Do Not Cave’

Mark Ruffalo publicly urged California Attorney General Rob Bonta not to settle the Paramount-Warner Bros. antitrust suit, arguing the merger would hurt competition and filmmakers; he promoted a petition and has repeatedly opposed the deal, even as reports say settlement talks are moving forward.

via The Hollywood Reporter|

#antitrust #business #merger

business20 days ago•19 min saved

Paramount-WBD Talks Enter Critical Phase as Antitrust Critics Rally

Paramount Skydance’s bid to acquire Warner Bros. Discovery is nearing a settlement with a 12-state antitrust coalition, with talks reportedly focusing on structural remedies such as operating some assets separately; anti-merger activists are planning rallies if terms appear to be a concession, and California AG Rob Bonta is seeking enforceable commitments. The WGA’s antitrust suit remains in play, and a deal could come as soon as Sunday night, with talks paused for the Yom Kippur holiday if no agreement is reached.

via Variety|

#antitrust #business #merger

politics21 days ago•16 min saved

Warren Warns Settlement of Paramount-Warner Merger Would Be a Massive Mistake

Sen. Elizabeth Warren warned it would be a 'massive mistake' for California Attorney General Rob Bonta to settle the Paramount-Skydance lawsuit over the Paramount-Warner Bros. merger, arguing the deal could create a Trump-aligned media powerhouse and curb competition, as reports indicate settlements talks are underway amid other political moves like Trump's CNN ban.

via Variety|

#elizabeth-warren #merger #paramount

business21 days ago•21 min saved

Paramount-WBD Talks Spark Bipartisan Backlash Over Concessions

Paramount, with a coalition of state attorneys general led by California’s Rob Bonta and the Writers Guild, is in preliminary settlement talks over the antitrust case tied to the Warner Bros. Discovery merger, but critics including Sen. Elizabeth Warren and the Block the Merger coalition warn that any concessions could favor David Ellison, threaten CNN’s editorial independence, and cost jobs, as discussions press ahead toward October settlement hearings with broad political and industry pressure shaping the deal’s fate ahead of elections.

via Deadline|

#antitrust #business #elizabeth-warren

business22 days ago•16 min saved

Paramount Nears Settlement to Blockbuster Merger Drive

Paramount Pictures and California Attorney General Rob Bonta are in advanced talks to settle a lawsuit over Paramount’s bid to acquire Warner Bros. Discovery, with reports that the deal would keep the studios operating independently for a period and may include CNN monitoring and limits on theatrical releases; a resolution could come as soon as this weekend and would avert divestitures, a major win for Paramount CEO David Ellison who has warned of relocating the company if no agreement is reached. A ticking fee of $7 million per day could start Oct. 1, and talks remain confidential amid ongoing regulatory scrutiny and financing backing from Middle East sovereign wealth funds.

via The Hollywood Reporter|

#antitrust #business #california-ag

business23 days ago•16 min saved

FCC Clears Foreign Ownership in Paramount-WBD Merger While Preserving Local Control

The FCC issued a declaratory ruling approving the Paramount–Warner Bros. Discovery merger, allowing total foreign ownership in the combined company to be about 49.5% (38.5% from investment funds based in Saudi Arabia, Qatar and Abu Dhabi). Paramount’s Ellison family and RedBird will hold the largest equity stake and 100% of voting shares, with foreign investors having no governance rights. The ruling includes a threshold that requires permission if foreign voting interests exceed 25% or if voting interests change. Democrats on the FCC and Capitol Hill have raised concerns about foreign influence, and the review followed a national security assessment by a U.S. government panel.

via Deadline|

#business #fcc #foreign-ownership

gaming23 days ago•5 min saved

Bungie debunks Marathon-Destiny merger amid leaks

Bungie has dismissed a wide-ranging leak claiming Marathon would merge with Destiny, stressing that the two IPs share Bungie DNA but remain independent. The leak, traced to 4Chan and Reddit, also suggested Destiny veterans would join Marathon and a free-to-play launch with a new PvE mode, but Bungie says nothing is confirmed and Destiny 3 is not in development; Marathon and Destiny will stay separate despite the rumors.

via Eurogamer.net|

#bungie #destiny #gaming

business25 days ago•16 min saved

DOJ urges states to post $1.88B bond in Paramount-Warner merger dispute

The Justice Department asks a federal judge to require California-led states challenging the Paramount–Warner Bros. Discovery merger to post a $1.88 billion bond to cover potential damages if the injunction delays or blocks the deal. DOJ argues state challenges are subject to bond requirements and should reflect damages, while Paramount pushes for the bond to cover delays. The agency also says the merger is unlikely to undermine competition after reviewing millions of documents, and a March trial is scheduled as the pause persists, with significant investor implications if closing is delayed.

via The Hollywood Reporter|

#antitrust #bond #business

business26 days ago•9 min saved

Dominion-NextEra merger expands Virginia relief, jobs, and Richmond HQ plans

Dominion Energy and NextEra Energy unveiled an expanded Virginia benefits package tied to their merger, doubling residential bill credits to $10 per month for four years, redirecting some credits from data centers to residents, expanding EnergyShare by $100 million through 2038, and committing to 1,000 new Virginia jobs (600 NextEra roles and 400 via suppliers) plus a new Richmond office tower as a co‑headquarters, a $1 billion annual Virginia Supplier Program, and five-year headcount protections, with regulatory approvals pending and a target close in late 2027; a January SCC decision is anticipated.

via WTVR.com|

#bill-credits #business #dominion-energy