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Paramount Agrees to Delay Merger With Warner Bros. Discovery (gizmodo.com)

submitted 2 days ago* (last edited 2 days ago) by StillPaisleyCat@startrek.website to c/quarks@startrek.website

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David Ellison announced yesterday, as financial markets closed, that the Paramount-WB merger would be paused until mid 2027 in response to ongoing antitrust concerns. The 12 intervening states successfully obtained a restraining order last Monday.

From the Gizmodo article:

Paramount has agreed to a delay of its merger with Warner Bros. Discovery after a group of 12 states sued to stop the $111 billion deal. The states, led by California, brought the lawsuit over antitrust concerns, and Paramount has agreed to close the deal until five days after a potential trial is held or June 1, 2027, whichever comes first, according to a court filing.

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[–] DarrinBrunner@lemmy.world 7 points 2 days ago (1 children)

Ellison's kid is as punchable as he is, the apple near the tree.

[–] violentfart@lemmy.world 2 points 2 days ago

It’s all the inbreeding.