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Paramount Skydance’s takeover of Warner Bros. Discovery hit a roadblock Monday after a federal judge temporarily paused the proposed merger, granting a request from a coalition of 12 state attorneys general who sued to thwart the $110 billion deal. via: Variety A judge ordered a temporary halt to the Paramount-Warner Bros. merger on Monday, as a state coalition argues it would violate federal antitrust law, leading to higher prices and fewer movies and TV shows. Judge Araceli

Paramount’s proposed $110 billion acquisition of Warner Bros. Discovery is facing yet another legal challenge, as shareholders have sued David Ellison and his father, Oracle co-founder Larry Ellison, alleging they struck an undisclosed deal with President Donald Trump to help win approval for the blockbuster media merger. via: Variety Paramount Skydance chief David Ellison and his tech billionaire dad Larry Ellison have been sued by a Paramount shareholder who alleged they cu

A dozen states, led by California, are suing to block Paramount from buying Warner Bros. Discovery in a Hollywood mega-merger that would unite some of the nation's largest movie studios, television newsrooms, and other entertainment properties. via: THR A coalition of state attorneys general have sued Paramount to stop its $111 billion takeover of Warner Bros. Discovery, a sweeping legal challenge to a merger that threatens to reshape Hollywood amid the absence of the Trump a

Paramount Skydance Corp.'s (PSKY) $110 billion acquisition of Warner Bros. Discovery (WBD) could soon face legal hurdles, according to media reports. via: Reuters U.S. states concerned that Paramount's (PSKY.O), opens new tab $110 billion acquisition of Warner Bros. Discovery (WBD.O), opens new tab will hurt competition could sue to block the deal as soon as next week, two sources familiar with the matter told Reuters. California Attorney General Rob Bonta ​has taken the lead

Paramount has slammed rival Netflix in a letter to the Department of Justice for campaiging against the Warner Bros. Discovery merger amid regulatory review of the deal the David Ellison company. via: Variety Paramount Skydance‘s top lawyer claims Netflix is so worried about the prospect of competing with a merged Paramount-Warner Bros. Discovery that the streaming company is going all-out to try to “poison regulators and other stakeholders” against the pending $111 billion d

Emmy-winning actor Mark Ruffalo has claimed that Hollywood figures are “afraid” to oppose the proposed merger of studios Paramount and Warner Brothers. via: Variety Mark Ruffalo revealed in a new op-ed for The New York Times co-written with American Economic Liberties Project research director Matt Stoller that many Hollywood stars declined to sign the recent open letter that’s fighting to block the Paramount–Warner Bros. merger. “The most revealing thing about that letter wa

A handful of streaming subscribers filed a lawsuit Thursday seeking to block the $110 billion merger of Paramount Skydance and Warner Bros. via: THR Paramount subscribers, in a lawsuit filed on Thursday in California federal court, allege the acquisition will substantially reduce competition in streaming, news and theatrical distribution in violation of antitrust laws. They seek a court order blocking the merger and unwinding Skydance’s acquisition of Paramount. The deal will

Alongside sitting politicians in Congress (Senator Warren has warned of antitrust issues), there is now a group of over 1,000 Hollywood creatives signing a new petition letter opposing the billion-dollar acquisition of Warner Bros. Discovery by David Ellison‘s Paramount Skydance after their hostile bid (backed by multiple Gulf state investors linked to foreign governments, who would end up part owners of a U.S. media entity, CNN) pushed Netflix out of their previous deal. via

David Ellison's Paramount Skydance has revised its bid for Warner Bros. Discovery, putting pressure on Netflix to follow suit. via: Variety Paramount Skydance has filed what is believed to be a sweetened bid for Warner Bros. Discovery, opening a new round of haggling in efforts to snare the company’s HBO Max streaming service and Warner Bros. studios to help fuel economics amid a frenetic battle to stay afloat in the entertainment sector as more consumers turn to streaming to

Warner Bros Discovery on Tuesday rejected Paramount Skydance's latest $30-a-share hostile bid, but gave the Hollywood studio seven days to come up with a "best and final" offer for the owner of HBO Max and the "Harry Potter" franchise. via: Variety Warner Bros. Discovery has a number of questions for David Ellison, but the crucial one is this: Will his Paramount Skydance hoist its bid for WBD to over $31 per share? The M&A jousting over Warner Bros. is entering its final roun

Netflix has officially agreed to pay all cash for Warner Bros. Discovery‘s studios and HBO Max business — a move aimed at thwarting Paramount Skydance’s rival takeover campaign. via: Deadline The new offer still values Warners at $27.75 per share, but it removes the $4.50 Netflix stock element, which was part of the earthshaking agreement revealed last December. Discovery Global, the parent of cable networks CNN, TNT, Food Network and many others, is not part of Netflix’s pro

A Delaware judge on Thursday rejected Paramount Skydance's (PSKY.O), opens new tab bid to speed up its lawsuit demanding that Warner Bros Discovery (WBD.O), opens new tab better explain its decision that Netflix's (NFLX.O), opens new tab proposed $82.7 billion takeover was better than Paramount's own $108.7 billion hostile bid. via: Variety On Thursday, Delaware Chancery Court judge Morgan T. Zurn dismissed Paramount’s motion to expedite the lawsuit against WBD, which seeks d

The ongoing saga between Netflix and Warner Bros. Discovery has taken another turn, with the Wall Street Journal reporting that the streaming giant is preparing an all-cash offer for the media conglomerate. The move is reportedly designed to fend off Paramount Skydance’s hostile bid while also accelerating the timeline toward closing a potential acquisition . via: Deadline The shift would come as Paramount continues to tout its hostile $30-a-share all-cash offer for Warner B

Whiny nepo baby David Ellison, who is currently running Paramount into the ground is suing Warner Bros. Discovery — in a desperate move to block Warner's $72 billion sale to Netflix. via: CBM Since it was announced that Netflix would be purchasing Warner Bros. Discovery, the David Ellison-led Paramount Skydance — which kicked off the bidding war for the studio in 2025 — has persisted in trying to get WBD to back down from the deal, submitting a hostile offer shortly after the

Paramount Skydance on Thursday reiterated that its $108.4 billion bid for Warner Bros Discovery was superior to a rival deal from Netflix, saying the value of the cable spinoff central to the streaming giant's offer was effectively worthless. via: Variety Paramount Skydance‘s David Ellison is still trying to make its case to Warner Bros. Discovery shareholders that it’s the better suitor — after WBD’s board again rejected its latest takeover offer this week. In an announcemen

Once again, Warner Bros. Discovery has chosen Netflix as its preferred suitor over Paramount. via: Variety The song remains the same: Warner Bros. Discovery has turned down the latest acquisition offer by David Ellison’s Paramount Skydance, and WBD’s board is continuing to back the company’s deal with Netflix. On Wednesday, WBD officially responded to Paramount’s latest $30/share all-cash bid for all of Warner Bros. Discovery — its eighth takeover offer to date. Paramount Sky

Exhibitors have been pushing Netflix to make a real commitment to theatrical exhibition, especially as the streamer inches closer to completing its Warner Bros. acquisition, which would come with built-in contractual obligations to filmmakers. via: CBM The news broke late last year that Netflix had officially purchased Warner Bros. as part of a deal said to be valued at $82.7 billion. This was obviously a massively significant development that will alter the face of the entir

The board of Warner Bros. Discovery is poised to reject the amended takeover offer fielded by Paramount Skydance last week as David Ellison keeps up his pursuit of the assets he sees as crucial to building a 21st century Hollywood heavyweight. via: Deadline When business revs back up next week, Warner Bros. Discovery looks set to reject Paramount’s amended hostile takeover bid due in part to concerns at the delay that could dog its planned cable spinoff if a deal falls throug

The board of Warner Bros. Discovery officially rejected David Ellison‘s $30 per share hostile bid for the company, telling shareholders that it remains “inferior” to the Netflix deal, and carries “numerous significant risks and costs on WBD.” via: Variety Warner Bros. Discovery’s board has formally said “no thanks” to the $108 billion takeover bid from David Ellison’s Paramount Skydance and unanimously reiterated its support for the Netflix deal. Following WBD’s announcement,

Word on the street is that Paramount's bid for Warner Bros. Discovery (WBD) was rejected primarily because the WBD board favored Netflix's competing offer, but Paramount's funding from Middle Eastern sovereign wealth funds (Saudi, Abu Dhabi, Qatar) and Jared Kushner's firm raised significant national security concerns for U.S. lawmakers, potentially delaying or blocking the deal, which Paramount tried to mitigate by agreeing to forgo governance rights from those investors. WB