Rob Bonta Leads Multi-State Probe Into $111B Paramount-WBD Merger

#LosAngeles, #USA
California Attorney General Rob Bonta is leading a multi-state investigation into the $111B merger between Paramount and Warner Bros. Discovery alongside officials from New York and Washington.Actor Mark Ruffalo and Senators Elizabeth Warren, Chris Murphy, and Cory Booker have raised alarms over potential job losses and political influence from Larry Ellison and Donald Trump.The deal, which creates a media giant led by David Ellison, is supported by significant financial backing from sovereign wealth funds in Saudi Arabia and Qatar.A failure to close the transaction by 2026 would trigger a $7B termination fee and additional ticking fees for the companies involved.
Tags
#Qatar#SaudiArabia#RobBonta#DOJ#DavidEllison#EU#MarkRuffalo#HBO#ElizabethWarren#CNN#ChrisMurphy#DCStudios#CoryBooker#NewYork#LarryEllison#Washington#DonaldTrump#DavidZaslav
Read more
Mercury News New York Post TMZ Deadline The Guardian The New Yorker The Atlantic LA Times Business Insider CNBC Boston Globe BBC Toronto Star Engadget Nyheter24 Le Monde DN FAZ Tagesspiegel
Discuss

#Earth