Paramount, Skydance settle with California AG over $110 billion deal, AG says
Paramount Global's Skydance has reached a settlement with a group of state attorneys general, led by California, which sued to block its $110 billion deal with Warner Bros Discovery. The settlement includes independent editorial boards for CNN and CBS news networks and a $30 million penalty per film for falling short of Paramount's promised 30-movies-a-year release target, California Attorney General Rob Bonta said the settlement is not a vote of support for the merger.
(The author is a Reuters Breakingviews columnist. ) By Jennifer Saba NEW YORK, Sept 21 (Reuters Breakingviews) — Boss David Ellison is settling with a California-led group that sued to stop its $110 bln deal for Warner Bros, despite federal assent. It took only minor concessions. Tinseltown’s favorite founding father pushed strong national government.
In deal policing, he’s gotten his way. Full view will be published shortly. Follow Jennifer Saba on Bluesky and LinkedIn. Context News Paramount Skydance has reached a settlement with a group of state attorneys general led by California which sued to block its $110 billion deal with Warner Bros Discovery, California Attorney General Rob Bonta said in a press conference on September 21.
com)