Paramount-Warner Bros deal faces ‘sufficient competition’, says CMA

The Paramount-Warner Bros Discovery merger will face “sufficient competition” in the UK to prevent the combined Hollywood giant from gaining too much market power, the competition watchdog has said. In a full decision published on Monday, the Competition and Markets Authority (CMA) laid out why it cleared the £111bn ti

The odds are higher than they were before 12 states sued to block the merger, but lower than after Paramount delayed the acquisition in late July.

The lawsuit to block Paramount Skydance’s $81 billion takeover of Warner Bros. Discovery could chase away a key source of funds for California’s Democratic Party.

Paramount Seeks Settlement With 12 States Opposing Warner Bros. Merger  Forbes

David Zaslav, president and CEO of Warner Bros. Discovery, has now sold roughly $200 million worth of stock since the media company clinched a deal to be acquired by David Ellison’s Paramount Skydance earlier this year. Zaslav’s latest sales were of 194,999 shares of WBD worth $5,464,567.73 on Aug. 14 and 773,173 share

In a statement Friday, David Ellison says that they are offering "commitments and concessions" to try and get the deal over the line.

UPDATED: The top Democrat on the House Judiciary Committee wants Paramount CEO to sit for a transcribed interview to answer questions on its proposed merger with Warner Bros. Discovery. The letter from Rep. Jamie Raskin (D-MD) is just the latest that Democrats have sent to Ellison, as they amplify their criticisms and

Democrats in the U.S. House of Representatives are escalating their criticism of Paramount Skydance's attempt to acquire Warner Bros. Discovery.

Exclusive | Paramount Has Discussed Creating a Board to Ensure CNN’s Independence  WSJ

Paramount says CNN sale 'on the table' to resolve California suit over Warner Bros deal  Reuters

Xavier Becerra, the Democratic gubernatorial candidate in California, urged the state attorney general to settle its antitrust lawsuit with Paramount Skydance and Warner Bros. Discovery before the case is set to go to trial next year. His plea comes after California Attorney General Rob Bonta suggested he does not want

David Ellison threatens to move Paramount out of California if AG Rob Bonta doesn't negotiate to settle his antitrust lawsuit against the Warner Bros. merger.