Antitrust settlement talks over Paramount's acquisition of Warner Bros Discovery face resistance from four of the twelve state Attorneys General, dimming hopes for a quick settlement
According to Deadline, a framework for settling the antitrust suit hindering Paramount's $111 billion acquisition of Warner Bros Discovery has hit obstacles, as four of the twelve state Attorneys General resist and expectations for a quick deal fade, with Yom Kippur timing noted as Hollywood prepares to observe the holiday.
Key facts
- 01Four of the twelve state Attorneys General are opposing the settlement framework.
- 02The antitrust suit concerns Paramount's $111 billion acquisition of Warner Bros Discovery.
- 03The framework was intended to enable a quick settlement but faces political obstacles.
- 04Deadline is the source of the report.
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