Paramount weighs selling CNN to clear $110B Warner acquisition

1. 1Paramount Skydance (PSKY) is considering selling CNN to resolve the antitrust lawsuit blocking its $110 billion acquisition of Warner Bros. Discovery
2. 2Chief Legal Officer Marcan Delahim said Paramount could consider selling CNN if it removes the last major obstacle to the deal
3. 3California and 11 other states sued over reduced competition and higher prices; if the deal is not completed by Oct. 1, a fee of roughly $7 million per day will apply

Source GuruFocus.com +4 · View original ↗

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