Deals & M&A
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Barry Diller’s People Inc. Withdraws MGM Resorts Takeover Bid
The publisher continues to own a 27% stake in the hospitality company and remains “open to and interested” in the possibility of a strategic transaction in the future
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CNN Chief Mark Thompson Wants to Stay at Network ‘If Paramount Finds Me Useful’
The worldwide chairman and CEO says he remains “fully committed” but has not been told how CNN’s incoming owner intends to run it
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Paramount-Warner Bros. Considers Asking Elon Musk for Equity Investment | Report
Musk has a close relationship with Oracle co-founder Larry Ellison, who has personally guaranteed the merger’s $47 billion in equity financing
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Can Paramount’s CNN and CBS News Oversight Board Actually Work?
Gulf funds are investing $24 billion as the panel is tasked with guarding against shareholder influence
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Deals & M&A
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Gavin Newsom Insists He Didn’t Pressure Rob Bonta Into Paramount Settlement
The California governor applauds his state attorney general for getting the work done “at the boardroom, not the courtroom”
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Paramount-Warner Bros. Closes in 2 Weeks: What Does That Mean for Creatives? | Analysis
While David Ellison says the combination will create jobs, Hollywood is bracing for layoffs
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Deals & M&A
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Paramount, Bonta to Hammer Final Settlement Details on Thursday
The judge, who hasn’t signed off on the settlement, will address outstanding questions on the consent decree
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Paramount Merger Protesters Rally Outside Studio Lot, Rage at Rob Bonta: ‘I Feel Duped’
“I am so disappointed and pissed off with these people who are playing with us like chess pieces,” actress Frances Fisher says at Tuesday’s Block the Merger event
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Why Rob Bonta Caved on the Paramount Settlement | Analysis
The California Attorney General had been saying for weeks that he was seeking to stop the merger. But that became impossible once Paramount threatened to leave the state
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Business
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Hollywood Reacts to the Paramount Merger Settlement: ‘Layoffs Will Follow’
“Gavin Newsom hands huge win to Trump and his billionaire cronies,” Mark Ruffalo says
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David Ellison Says Paramount Headquarters Won’t Leave LA: ‘We Aren’t Going Anywhere’
The executive assures in a follow-up statement to Monday’s settlement news that he’s “eager to get to work building a stronger Hollywood”
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Connecticut AG Says State Wanted Paramount to Sell CNN, CBS News
William Tong shares Connecticut unsuccessfully pushed for full divestiture as part of the $110 billion Warner Bros. Discovery deal
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David Ellison’s Growing Media Empire: From CNN and HBO to ‘Harry Potter’ — and TikTok
The Paramount-WBD merger will put CBS, CNN, HBO Max, Warner Bros. and more under one roof, while Larry Ellison’s Oracle holds a 15% stake in TikTok’s U.S. venture
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Breaking Down the Paramount-Warner Bros. Merger Settlement | Analysis
Everything you need to know about what 12 state attorneys general led by California’s Rob Bonta got out of David Ellison
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Deals & M&A
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Freedom of the Press Foundation Slams ‘Worthless’ CBS-CNN Paramount Settlement Details
“The fish rots from the head, and this particular fish is headed by a compromised oligarch with a history of throwing journalists under the bus,” FPF Chief of Advocacy Seth Stern says
