Paramount Skydance has agreed to pause its Warner Bros. Discovery acquisition until a court rules on a multistate antitrust challenge or until June 1, 2027. The delay could cost the company about $7 million a day in fees if the deal does not close by Sept. 30.
A coalition of 12 US states, led by California, successfully paused the Paramount Skydance-Warner Bros Discovery merger, alleging it would harm competition, reduce content, and lead to layoffs. A federal judge granted 14 days for arguments, with a hearing set for August 3.
12 Democratic state attorneys general have filed a lawsuit to block the $111bn merger between Paramount Skydance and Warner Bros Discovery, citing antitrust violations that could reduce competition and increase consumer prices in the film and cable television industries.
Exploring the basics and value of Non-Fungible Tokens (NFTs), their creation, investment potential, and future in art and collectibles.
Ethereum dévoile "Lean Ethereum", une feuille de route de 3-4 ans visant à refondre le protocole avec des objectifs de finalité en secondes, résistance quantique et confidentialité, tout en réduisant les coûts et en augmentant le débit.
CNN's Chief Legal Affairs Correspondent Paula Reid is leaving the network as Paramount prepares to acquire CNN's parent company, Warner Bros. Discovery, in a $111 billion deal. Her exit comes amid staff uncertainty and concerns over editorial independence, with some states also preparing a lawsuit to block the merger.
BlackRock's iShares Bitcoin Trust ETF has attracted a significant number of new investors to the ETF market, with about 75% of its holders being first-time ETF owners. This trend suggests a two-way street, bringing traditional investors into digital assets and vice versa.
Congress leader Adhir Ranjan Chowdhury alleged that Bangladeshi political parties are infiltrating India, citing the merger of a breakaway Trinamool Congress faction with the Nationalist Citizens Party of India (NCPI). He drew parallels to the BJP's stance on illegal immigration from Bangladesh.
The US Department of Justice has approved Skydance's $111bn acquisition of Warner Bros Discovery, a move that could reshape the media landscape. While the DOJ found the deal unlikely to harm competition, California's Attorney General is still reviewing it, citing concerns about industry consolidation and job losses.
HKEX celebrates 40 years since Hong Kong's stock exchanges merged, marking growth from local to global superconnector amid challenges.
Fast-fashion giant Shein has acquired Everlane, a brand known for its ethical sourcing and transparency. The deal, which aims to give Shein a stronger US presence and Everlane a financial lifeline, has drawn criticism from Everlane's loyal customer base.
King’s College London and Cranfield University are merging to create a UK 'super-university' by summer 2027, aiming to rival international competitors in size and research output, with 47,000 students and enhanced industry partnerships.
The merger of HKGTA's Town Club with Carlyle & Co has been postponed by two months due to opposition from some members
Former Israeli prime ministers Naftali Bennett and Yair Lapid announced merger of their parties to form a new opposition bloc called 'Together', with Bennett as leader. The coalition aims to oust Netanyahu in upcoming elections, building on their successful 2021 partnership that ended Netanyahu's 12-year rule but collapsed after 18 months.
Warner Bros. Discovery shareholders approved a $110 billion merger with Paramount Skydance, putting David Ellison (son of Oracle co-founder Larry Ellison) on track to control Warner Bros., CNN, HBO and streaming assets. The deal requires federal and international regulatory approval, with Paramount aiming to close by September 30. Over 4,000 Hollywood professionals oppose the merger, while California Attorney General Rob Bonta investigates for antitrust violations and U.S. senators urge scrutiny of foreign financing from Saudi Arabia, Qatar and the UAE.
