Paramount and Rob Bonta Finalize Dates For Merger Lawsuit Settlement Talks
The discussions come ahead of a March antitrust trial over the $110 billion Warner Bros. Discovery merger The post Paramount and Rob Bonta Finalize Dates For Merger Lawsuit Settlement Talks appeared first on TheWrap .
Paramount and California Attorney General Rob Bonta, along with 11 other state AGs and the Writers’ Guild of America, have set dates for settlement talks regarding the $110 billion merger deal. The talks are scheduled for October 14 and 15, following a court order for the sides to finalize a date for a two-day settlement conference.
Bonta is seeking structural remedies, such as divestments, instead of merely behavioral remedies, like the promise to release 30 films per year. If a settlement cannot be reached by October 1, Paramount may begin moving its operations out of California, incurring a $7 million per day fee until closing, which is scheduled for June 1, 2027.
An economic impact analysis estimates the merger's closure could lead to the loss of 57,980 jobs and $1.17 billion in state and local tax revenues.
Written by urgent.news from TheWrap's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
