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3 weeks ago

Paramount advisers push for California exit as state sues to block Warner Bros Discovery merger: report

Paramount CEO David Ellison is reportedly being pressured to move his business out of California as the state tries to interfere with a planned takeover of Warner Bros. Discovery. Ellison’s Paramount is seeking to acquire Warner Bros. Discovery in a $111 billion deal expected to close during the third quarter of this year. But the mega-merger has irked critics who fear combining two major Hollywood studios would hurt the industry while giving too much power to Ellison.California Attorney General Rob Bonta on Monday led a group of 12 attorneys general in filing a lawsuit challenging the merger,...