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Governor Newsom urges out-of-court resolution of Paramount-WBD antitrust lawsuit

The Wall Street Journal +1 ·

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  1. 1California Governor Gavin Newsom raised concerns over the state's antitrust lawsuit seeking to block Paramount's $81 billion acquisition of Warner Bros. Discovery (WBD).
  2. 2The governor's office urged Attorney General Rob Bonta to pursue an out-of-court resolution, and Newsom warned that a deal collapse would hit entertainment employment hard.
  3. 3Paramount has requested a November trial and will owe a $650 million break-up fee per quarter if the deal is not completed after September 30.

This 3-line summary is compiled from the report below.

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