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Paramount in $1.5B talks with Calif. to finalize merger
Paramount is discussing a settlement with California's attorney general that includes a $1.5 billion investment in the state and a promise not to leave, The Wall Street Journal reports, citing unnamed sources. Multiple states have sued to stop Paramount's $81 billion merger with Warner Bros. Discovery, and advanced talks have included a promise not to sell either studio lot, as well as the installation of a board to maintain CNN's independence. If Paramount fails to honor a pledge to release 30 movies a year, it could be forced to sell its stake in Miramax.
Paramount is discussing a potentially sweeping settlement with California Attorney General Rob Bonta that could remove one of the biggest remaining obstacles to its proposed merger with Warner Bros. Discovery. Among the concessions under consideration is a...
