Deals & M&A
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State AGs Preparing Lawsuit to Block Paramount-Warner Bros. Merger
The move comes amid a months-long investigation into whether the $110 billion deal would harm competition
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Paramount Slams Lawsuit to Block Warner Bros. Merger: ‘Misguided Attempt to Politicize Antitrust Law’
The media giant has asked that a California court dismiss the legal action
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Bari Weiss Wanted to Modernize ‘60 Minutes.’ Instead, She May Have Killed It | Analysis
With the blow-up from Scott Pelley’s firing, Weiss continues to squander the storied news program’s biggest asset: public trust
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Bill Ackman’s Pershing Square Looks to Sell UMG Stake After Rejected Takeover Bid | Report
The firm is looking to sell roughly 80.6 million shares at €17.66 to €18.62 apiece, according to Bloomberg
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Paramount Chief Lawyer Slams ‘Fear-Mongering’ Warner Bros. Merger Critics
Makan Delrahim alleges “antisemitic views” are motivating some of the merger’s opponents
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The Ledger: Roku on the Rise
Our weekly newsletter will bring you the insights that bridge Wall Street and Hollywood
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Business
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European Commission Aims to Wrap Paramount-Warner Bros. Merger Review in July
The update comes after the David Ellison-led media giant formally notified the EU about its $110 billion deal
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House Judiciary Committee Asks Roger Goodell to Testify on NFL’s Media Rights Deals
The June 10 hearing will examine the modern impact of the Sports Broadcasting Act of 1961
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Barry Diller Proposes $18 Billion Takeover of MGM Resorts
The billionaire’s People Incorporated already owns 26.1% of MGM’s outstanding common stock
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Universal Music Group Rejects $64 Billion Takeover Bid From Bill Ackman’s Pershing Square
The board says the proposal “fundamentally and materially undervalues UMG and will not deliver superior value creation”
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Paramount CEO David Ellison Meets With DOJ to Discuss $110 Billion Warner Bros. Merger
The deal is on track to close by the end of the third quarter, subject to regulatory approval
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‘Drag Race’ Star Peppermint Wishes RuPaul Would Speak Out Against Trump and Ellisons’ Media Takeover | Video
“They will try to either cut ‘Drag Race’ or use it as a tool to parrot what they want to say,” the reality TV star says
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Tegna Names Patrick Paolini CEO Amid Nexstar Merger Litigation
The former Fox Television Stations ad sales boss will take over the role starting June 1
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Democratic Senators Demand FCC’s Brendan Carr Conduct ‘Rigorous’ Review of Foreign Funding in Paramount-WBD Deal
“Paramount’s petition asks for an unprecedented degree of foreign control of U.S. broadcasting,” six Senate Democrats write
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Nexstar Slams Judge’s Injunction Pausing Tegna Merger in Expedited Appeal Request: ‘Inflicts Unrecoverable Harm’
“Worse still, it degrades the very assets it purports to protect,” the multimedia conglomerate argues
