Paramount Skydance Offers Concessions on $110 Billion WBD Deal to Avert States' Antitrust Suit
Updated
Updated · Bloomberg · Jun 9
Paramount Skydance Offers Concessions on $110 Billion WBD Deal to Avert States' Antitrust Suit
3 articles · Updated · Bloomberg · Jun 9
Summary
Paramount Skydance has privately submitted proposed terms to California and other states to resolve their antitrust investigation into its $110 billion acquisition of Warner Bros. Discovery.
California Attorney General Rob Bonta's office was told the company is willing to address state concerns, according to people familiar with the discussions.
The outreach appears aimed at heading off a multistate lawsuit, though the timing of the contacts and the specific concessions Paramount offered were not disclosed.
The talks mark a new phase in regulatory scrutiny of one of the media industry's biggest pending deals, with state enforcers weighing whether remedies can replace litigation.