The Zhitong Finance App learned that Paramount Sky Dance (PSKY.US) is facing the ultimate test that will determine the fate of its media empire. The $111 billion deal aimed at merging Paramount and Warner Bros. Exploration (WBD.US) into a new Hollywood giant has now received antitrust approvals from 68 countries and jurisdictions around the world, but it has been blocked in the mainland by antitrust lawsuits initiated by 12 states led by the Democratic Party and the American Screenwriters Union (WGA). As the deal stalled due to lawsuits, Paramount Tianmu is selling Warner Bros.'s most valuable Turner Networks (Turner Networks) — including TBS, TNT, and CNN — as a key bargaining chip to break the deadlock.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Paramount Sky Dance (PSKY.US) is facing the ultimate test that will determine the fate of its media empire. The $111 billion deal aimed at merging Paramount and Warner Bros. Exploration (WBD.US) into a new Hollywood giant has now received antitrust approvals from 68 countries and jurisdictions around the world, but it has been blocked in the mainland by antitrust lawsuits initiated by 12 states led by the Democratic Party and the American Screenwriters Union (WGA). As the deal stalled due to lawsuits, Paramount Tianmu is selling Warner Bros.'s most valuable Turner Networks (Turner Networks) — including TBS, TNT, and CNN — as a key bargaining chip to break the deadlock.
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