Paramount, Warner Bros. Discovery Merger Possibly Faces Lawsuits From US States to Block Deal
(Updates with a response from the Attorney General's office in the second last paragraph.) Paramount's (PSKY) $110 billion acquisition of Warner Bros. Discovery (WBD) could be faced with lawsuits from US states suing to block the deal as soon as next week, California Attorney General Rob Bonta has taken the lead in investigating the deal, the news agency reported Wednesday. If the deal is delayed because of a court challenge, costs could mount for Paramount. A spokesperson for Bonta's office declined to comment, "The Paramount acquisition of Warner Bros. remains an active investigation, and we do not have any updates to share at this time," said the Attorney General's press office when contacted. Paramount did not immediately respond to an out-of-office-hours-request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from.
(Updates with a response from the Attorney General's office in the second last paragraph.) Paramount's (PSKY) $110 billion acquisition of Warner Bros.
Discovery (WBD) could be faced with lawsuits from US states suing to block the deal as soon as next week, California Attorney General Rob Bonta has taken the lead in investigating the deal, the news agency reported Wednesday.
If the deal is delayed because of a court challenge, costs could mount for Paramount.
A spokesperson for Bonta's office declined to comment, "The Paramount acquisition of Warner Bros. remains an active investigation, and we do not have any updates to share at this time," said the Attorney General's press office when contacted.
Paramount did not immediately respond to an out-of-office-hours-request for comment. (Market Chatter news is derived from conversations with market professionals globally.
This information is believed to be from.