Paramount, Warner Bros. Discovery
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California Attorney General Rob Bonta is expected to reveal details of the settlement agreement between Paramount and 12 state attorneys general over the pending $111 billion merger with Warner Bros. Discovery at a 10 am news conference. You can watch the livestream above.
Paramount Studios may relocate its headquarters if California Attorney General Rob Bonta does not resolve an antitrust lawsuit.
Paramount and California's attorney general have discussed a range of concessions as part of advanced settlement negotiations, including a $1.5 billion investment in production in the state, the Wall Street Journal reported on Sunday,
Paramount is not leaving California — at least not anytime soon. The settlement of the anti-trust lawsuit filed by 12 state attorneys general calls for the company, which is set to acquire WBD shortly,