Paramount (PSKY) stock gained as executives signaled willingness to divest CNN to resolve California's antitrust lawsuit over the $81B Warner Bros. merger.
Two powerhouse Hollywood unions have finally waded into the war between Paramount and California Attorney General Rob Bonta over the studio's proposed merger with Warner Brothers Discovery. T ...
Ellison is also reportedly planning to move Paramount's Hollywood studio out of California if Bonta doesn't agree to settlement talks in his antitrust case.
Paramount Skydance CEO David Ellison has told his senior executive team that he is prepared to begin moving the company out of California as soon as October unless state Attorney General Rob Bonta agrees to antitrust settlement talks, news outlets ...
The media company's leader, David Ellison, is threatening to pull the company out of California in the face of a lawsuit by states seeking to block its big deal.
"You have to take a look at the business environment and look to see what's best for not only the community and the business," Paramount's chief legal officer said.