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Business

US judge blocks Paramount’s Warner Bros. acquisition temporarily

Paramount Skydance’s proposed acquisition of Warner Bros. Discovery has encountered its first major legal setback after a judge temporarily halted the merger following a lawsuit filed by state attorneys general. U.S. District Judge Araceli Martínez-Olguín of California granted the temporary restraining order on Monday after hearing arguments from both sides during a Friday hearing in […]

Paramount to boost film, reinvent cable brands after $8.4bn Skydance merger
Business

Paramount aims to clear antitrust hurdle for Warner Bros. offer

Paramount Skydance Corp. is aiming to wrap up a Justice Department antitrust review of its tender offer for Warner Bros. Discovery Inc. shares within the coming weeks. The company has been supplying the government with requested information, according to Bloomberg, citing sources familiar with the matter. Once submitted, a 10-day waiting period will follow, during […]

Paramount Global, Skydance complete $8.4bn merger
Business

Paramount Skydance sues WBD in hostile takeover bid

Paramount Skydance has filed a lawsuit against Warner Bros. Discovery and its CEO, David Zaslav, in what it describes as the latest move in its hostile bid to acquire WBD. This was disclosed in a letter from CEO David Ellison to shareholders on Monday. The suit asks a United States court to compel Warner Bros. […]