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Paramount Considers Asset Selloff to Resolve Discovery Deal Impasse

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Discovery’s proposed merger with Paramount faces an impasse in California’s northern district court despite DOJ and at least 68 international authorities’ approval. Warner Bros Discovery assets worth nearly $18B are said to be nonessential. A day after California AG Bonta canceled talks over alleged leaked false information, Paramount denied the claim and met to discuss preliminary settlement terms, including structural remedies, with the deal’s timing beyond Sept. 30 costing Discovery shareholders about $7M per day.

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