posted in Technology
Paramount and Warner Bros. Pause $110 Billion Merger Deal Until June 2027 or Court Ruling
cross-posted from: https://piefed.world/c/tech/p/1285797/paramount-and-warner-bros-pause-110-billion-merger-deal-until-june-2027-or-court-ruling
oag.ca.gov/news/press-releases/attorney-general-bonta-secures-deal-halting-warner-bros-paramount-merger-until
State of California - Department of Justice - Office of the Attorney GeneralAttorney General Bonta Secures Deal Halting Warner Bros./ Paramount Merger Until June 2027 or Court RulingOAKLAND — California Attorney General Rob Bonta today announced securing an agreement with Warner Bros. and Paramount that would keep the entertainment titans from merging until June 1, 2027, or until after a decision by the court on the states’ claims, whichever comes first. If the court finds in favor of the states, the merger would be blocked pending appeal.