Paramount Skydance Seeks Deal With 12 States Over $110 Billion Warner Bros. Merger
Updated
Updated · Forbes · Aug 14
Paramount Skydance Seeks Deal With 12 States Over $110 Billion Warner Bros. Merger
3 articles · Updated · Forbes · Aug 14
Summary
Paramount Skydance said Friday it wants to settle with the 12 states suing to block its acquisition of Warner Bros. Discovery, calling an agreement the “better path” than continued litigation.
68 countries have already approved the merger, leaving the multistate antitrust case as the main remaining obstacle after a federal judge temporarily blocked the deal in June.
2027 is now the expected closing timeline after the lawsuit forced a delay last month, exposing Paramount to mounting costs that could reach more than $1.9 billion by June 2027.
The states, led by California Attorney General Rob Bonta, argue the deal would reduce competition and could raise cable bills and movie ticket prices, while Paramount says it has offered concessions and commitments.