The takeover of Warner Bros by Paramount suspended by a Californian judge
A federal judge of Oakland, seised in interim proceedings, ordered Monday the suspension of the takeover of the media group Warner Bros Discovery by its competitor Paramount
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Summary
A federal judge in Oakland (California), seised in interim proceedings, ordered on Monday the suspension of the acquisition of the media group Warner Bros Discovery (WBD) by its competitor Paramount Skydance. Prosecutors from twelve U.S. states, led by California, are challenging this acquisition of control worth $110 billion, including debt, considering that the combination of the two companies would pose a risk to free competition and consumers. After five months of battle, Netflix ended up throwing the sponge at the end of February, leaving the field open to Paramount Skydance.
Furthermore, Camouflet for Paramount Skydance The operation "would be difficult, if not impossible, to resolve (if carried out now) given the operational consolidation, the sharing of sensitive information and the reassignment or dismissal of certain employees", the judge said.
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A federal judge in Oakland (California), seised in interim proceedings, ordered on Monday the suspension of the acquisition of the media group Warner Bros Discovery (WBD) by its competitor Paramount Skydance.
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Prosecutors from twelve U.S. states, led by California, are challenging this acquisition of control worth $110 billion, including debt, considering that the combination of the two companies would pose a risk to free competition and consumers.
according to Le Progrès +1After five months of battle, Netflix ended up throwing the sponge at the end of February, leaving the field open to Paramount Skydance.
according to Le Progrès +1Camouflet for Paramount Skydance The operation "would be difficult, if not impossible, to resolve (if carried out now) given the operational consolidation, the sharing of sensitive information and the reassignment or dismissal of certain employees", the judge said.
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A federal judge of Oakland (California), seized in interim proceedings, ordered Monday the suspension of the takeover of the media group Warner Bros..
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