Rob Bonta on Paramount’s Threat to Leave California
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Leaks out of David Ellison's inner circle said the CEO wold take his Paramount ball & leave California if state AGs didn't back off on their antitrust suit
Beginning Oct. 14, the two sides will try to hash-out a deal that will allow the massive merger to advance.
Paramount declined to comment on reports it may leave California, prompting responses from state officials as the company battles a lawsuit over its Warner Bros. Discovery deal.
The government stressed that it concluded in its investigation that the merger won't undermine competition.
Shares of multinational media and entertainment corporation Paramount (NASDAQ:PSKY) fell 3.2% in the afternoon session after Barclays reinstated coverage on the stock with an Underweight rating and an $8 price target,
18hon MSN
Paramount mum, but LA officials on notice as rumors of move from California to Nashville swirl
LA Mayor Karen Bass and Attorney General Rob Bonta were reportedly told Paramount's Hollywood exit announcement was imminent as Nashville scouting ramps up.
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Los Angeles faces steep economic losses if Paramount leaves California
Story by John Ghost • 56m