The New York Times·1 min read·medium
Why Paramount Paused Its Blockbuster $111 Billion Deal for Warner Bros.
✦AI Summary
Paramount has paused its $111 billion merger deal with Warner Bros. Discovery following a surprise proposal from its legal team. The move could potentially delay the massive media consolidation until next year.
On a call around 9 p.m. on Thursday, Jeffrey Kessler, the top trial lawyer for the media behemoth Paramount, made a stunning proposal that could stall the company’s $111 billion merger with Warner Bros. Discovery well into next year. Paramount, which... [2070 chars]
businessentertainment
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