Gavin Newsom Wants State AGs to Settle Merger Lawsuit With Paramount, but Only for the ‘Best Deal’
“I’m concerned about the state, our reputation," the California governor says The post Gavin Newsom Wants State AGs to Settle Merger Lawsuit With Paramount, but Only for the ‘Best Deal’ appeared first on TheWrap .
California Governor Gavin Newsom addressed the Paramount-Warner Bros. Discovery merger lawsuit in a San Francisco press conference on Friday. Newsom expressed his desire for State Attorney General Rob Bonta to settle the case out of court, but only for "the best deal."
Newsom emphasized that Bonta is not solely representing California but also part of a coalition with a dozen other states. The governor noted that real-time talks are underway between the parties, but the ongoing discussions are being handled carefully.
Earlier this month, Paramount CEO David Ellison threatened to relocate the company out of California if state attorneys general did not cooperate with the merger. An insider revealed that Ellison held a meeting with his executive team, stating that keeping 30,000 jobs in Southern California is the goal, but a settlement by October 1 is crucial to avoid a relocation.
Newsom acknowledged the possibility of Paramount leaving the state but expressed his belief that the company does not wish to see such a move. The governor reiterated his commitment to ensuring Hollywood's continued success and presence in the state.
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