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Paramount (PSKY) CEO Clears 68 Countries for $110B WBD Deal, But California Lawsuit Stalls Amid Deteriorating Talks; Faces $650M Quarterly Fee
Paramount Skydance Corporation (PSKY) CEO David Ellison has secured regulatory approval in 68 jurisdictions for his $110 billion bid to acquire Warner Bros. Discovery, Inc. (WBD). However, a lawsuit led by California Attorney General Rob Bonta, representing 12 states, remains the final obstacle. Bonta has canceled a planned settlement meeting with Ellison, citing a "lack of good faith." Paramount faces a ticking fee of approximately $650 million per quarter starting September 30 if the deal is not closed, and has asked a court to compel the states to post a $1.88 billion bond.
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