Judge Orders Paramount, State AGs to Hold Settlement Talks in Late October

RegulationM&A · Partnership
โดย Seeking Alpha·US·Read original
Summary · why it matters

A judge has directed Paramount Skydance and a group of 12 state attorneys general who sued to block the company's planned $110 billion purchase of Warner Bros. Discovery to schedule settlement talks for late next month. No specific dates have been set, but the magistrate judge suggested the parties find two consecutive days in late October for in-person settlement talks, according to a court filing on Friday. The talks will be overseen by Magistrate Judge Thomas Hixson. The development follows California Attorney General Rob Bonta's cancellation late last month of a meeting with Paramount representatives to begin discussing a settlement of the state's lawsuit seeking to block the mega media deal. Last month, Paramount CEO David Ellison threatened to relocate the movie studio out of California if he could not reach a settlement with Bonta, saying the studio would move to Tennessee, Texas, Georgia, or another identified state if no deal is reached by Oct. 1.

Impact on stocks 2

Communication Services▲ · 2 stocks
Warner Bros Discovery Inc
WBD
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Warner Bros. Discovery is the target of Paramount's $110B acquisition, whose regulatory/legal challenge is now headed to settlement talks.

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