Tag: Warner Bros. Discovery

A coalition of twelve states led by California has filed a lawsuit seeking to prevent the completion of Paramount’s proposed eighty-one billion dollar acquisition of Warner Bros. Discovery. The legal challenge represents one of the most significant regulatory obstacles yet to the megadeal that would unite two of Hollywood’s largest producers and distributors of films,…

In a significant escalation of regulatory scrutiny over media consolidation, a coalition of U.S. states led by California and New York is preparing to file an antitrust lawsuit aimed at blocking Paramount Skydance’s proposed $110 billion acquisition of Warner Bros. Discovery, according to a report from Reuters. Sources indicate that the multistate action could be…

Paramount Skydance has agreed to delay the finalization of its planned $110 billion takeover of Warner Bros. Discovery until at least July 22, extending the timeline amid an active antitrust review by Oregon state officials. This adjustment comes as the Oregon attorney general’s office pursues additional documentation related to the company’s efforts to secure regulatory…

Several U.S. states are moving toward filing a lawsuit as early as next week in an attempt to stop Paramount from completing its roughly $110 billion acquisition of Warner Bros. Discovery. The action would target the combination of two major Hollywood studios on the grounds that it would unlawfully reduce competition in film production, distribution,…

Paramount is preparing to close its multibillion-dollar acquisition of Warner Bros. Discovery as early as next week, with July 16 emerging as a key target date according to multiple reports, including coverage from Reuters. The transaction, valued at approximately $111 billion in enterprise terms, would create one of the largest media and entertainment conglomerates in…

The Oregon Attorney General plans to ask a court to issue an order requiring Paramount to turn over documents related to its efforts to lobby the Trump administration for support of its proposed acquisition of Warner Bros. Discovery. This action follows the U.S. Department of Justice’s clearance of the deal and comes as the media…

The British government has taken a significant step toward intervening in the proposed $110 billion acquisition of Warner Bros. Discovery by Paramount Skydance, raising the prospect of delays or conditions on a deal that would create one of the world’s largest media conglomerates. Culture Secretary Lisa Nandy indicated on June 30 that she is minded…

Paramount Skydance offered the the European Commission concessions in order to push through the approval of its acquisition of Warner Bros. Discovery. As reported last week, the company met with the Commission to discuss conditions of the approval, which could result in Paramount dropping its joint venture with Universal Pictures to distribute films in Europe. However,…