California antitrust settlement hurdle threatens Paramount-WBD deal and relocation
Paramount has obtained regulatory clearance in 68 jurisdictions for its $110 billion acquisition of Warner Bros. Discovery, leaving California’s coalition led by AG Rob Bonta as the last hurdle. Bonta demands robust structural remedies, warning the deal could harm film and TV distribution and reduce employment. Paramount CEO David Ellison has reportedly considered relocating the company’s headquarters.