Paramount-Warner Bros Deal Delayed by California AG Challenge
The Paramount-Warner Bros deal has been postponed after a legal challenge from California Attorney General Rob Bonta and 11 other Democratic state attorneys general. The firm had aimed to close by September but agreed to table the takeover until next spring to allow the lawsuit to proceed to trial. The deal's certainty is now in question.
Key facts
- The deal was aimed to close by September.
- California Attorney General Rob Bonta and 11 other Democratic state attorneys general challenged the deal.
- The takeover has been tabled until next spring.
- The legal challenge is fiercer than expected.
- The deal's certainty is now less certain.
Entities
Institutions
- Paramount
- Warner Bros
- Los Angeles Times
- MSN
Locations
- California