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Paramount Is Ready to Divest Kids' Channels to Win EU for Warner Deal: Report
The European Union has set a deadline for the initial review of the Paramount-Warner transaction.
Gelonghui, June 6 | According to informed sources, the European Union has set July 7 as the deadline for its initial review of the Paramount-Warner transaction. Paramount is prepared to divest assets if necessary and is willing to sell its children's channel to secure EU approval for its acquisition of Warner Bros. Discovery.
Multiple U.S. states are reportedly preparing to file lawsuits to block Paramount's (PSKY.US) acquisition of Warner Bros. Discovery (WBD.US).
According to informed sources, California, New York, and several other U.S. states are preparing to file lawsuits to block Paramount Global's proposed $110 billion acquisition of Warner Bros. Discovery.