All articles tagged with #merger settlement
Hollywood star Mark Ruffalo urged California Attorney General Rob Bonta to reject any settlement that would clear Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery, arguing the deal should be blocked and that a concession-heavy agreement would offer no enforceable protections and could cost jobs.
Paramount is negotiating with 12 state attorneys general to settle a lawsuit aiming to block its $111 billion Warner Bros. Discovery acquisition, considering concessions such as ensuring CNN's editorial independence and divesting Comedy Central (and possibly other cable assets). A daily fee of about $7 million could apply if the deal isn’t closed by Oct. 1, and a settlement would clear the path to the merger ahead of a March trial, with California officials urging a resolution amid concerns about media consolidation.