Paramount Skydance Says It Cleared Merger Review but Faces 12 AGs
Paramount Skydance says it has satisfied all regulatory clearances under the merger agreement to close its proposed acquisition of Warner Bros., citing backing from the European Commission, the U.S. DOJ and others. Litigation by California and 11 other state attorneys general remains the final obstacle, with an eight-plus month trial delay creating added penalty fees, legal expenses, and business disruption.