Paramount-Warner
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E.U. reviewing Paramount-Warner merger over Middle Eastern wealth funds’ backing
European Union regulators are studying Paramount Skydance’s prospective takeover of Warner Bros. Discovery over the deal’s financial backing from three Middle Eastern sovereign wealth funds, according to a public filing. The inquiry, publicly confirmed Wednesday, deepens the scrutiny of a corporate tie-up that would unite two historic Hollywood studios under the same roof and reshape the American entertainment industry. Paramount, which agreed to buy Warner in February for $110 billion,...
Changes at CBS put pressure on California AG to challenge Paramount-Warner Bros. deal
The article discusses the potential impact of changes at CBS on the approval of the $110 billion Hollywood megamerger between Paramount and Warner Bros. by the DOJ. Experts suggest that political concerns over the turmoil at Paramount's CBS may push Democratic AGs to challenge the deal. The article highlights the potential pressure on California AG to take action against the merger due to the changes at CBS.
Paramount accuses Netflix of ‘scorched-earth’ campaign against Warner Bros. deal
Paramount Skydance has accused Netflix of spearheading a “scorched-earth campaign to try and poison regulators and other stakeholders” against its $110 billion purchase of rival Hollywood studio Warner Bros. Discovery. In a fiery letter to the Justice Department obtained by NBC News, Paramount Skydance chief legal officer Makan Delrahim excoriated Netflix for what he called a “panic-level response” to the merger that illustrates “just how seriously Netflix takes Paramount as a scaled...
US Vice President suggests talks with Iran could resume
JD Vance says progress was made in discussions with Iran at the weekend and the ball is in Tehran's court. But he also accuses the Iranians of "economic terrorism" over the partial closure of the Strait of Hormuz. He was speaking hours after the US began enforcing its own naval blockade of Iranian ports.