Paramount CEO seeks California clearance for Warner merger
California AG Rob Bonta’s challenge to Paramount Skydance’s Warner Bros merger leaves settlement talks uncertain, and people close to the case call the antitrust case legally weak but economically risky. CEO Ellison warns of a costly fight if talks don’t settle by Oct. 1, saying Paramount could move its Los Angeles studio lot if the deal is blocked. Warner’s $30B debt and a $7B breakup fee raise the stakes.