US States May Sue to Block Paramount-Warner Bros. Discovery Deal Next Week
A group of US states could file a lawsuit as soon as next week to block Paramount's proposed $110 billion acquisition of Warner Bros. Discovery (WBD) over antitrust concerns, California Attorney General Rob Bonta is leading the investigation into whether the transaction violates US antitrust laws. If the deal is delayed by litigation, Paramount could face mounting costs, Under the merger agreement, Paramount Chief Executive David Ellison has agreed to pay Warner Bros. Discovery shareholders a 25-cent-per-share ticking fee, or about $650 million per quarter, if the transaction does not close before October.
A group of US states could file a lawsuit as soon as next week to block Paramount's proposed $110 billion acquisition of Warner Bros.
Discovery (WBD) over antitrust concerns, California Attorney General Rob Bonta is leading the investigation into whether the transaction violates US antitrust laws.
If the deal is delayed by litigation, Paramount could face mounting costs, Under the merger agreement, Paramount Chief Executive David Ellison has agreed to pay Warner Bros.
Discovery shareholders a 25-cent-per-share ticking fee, or about $650 million per quarter, if the transaction does not close before October.