Paramount Skydance CEO warns of relocating the studio if California AG does not approve its $110 billion Warner Bros Discovery acquisition.
Paramount Skydance CEO David Ellison has warned of relocating the studio from California if state regulators block the $110 billion acquisition of Warner Bros Discovery. The threat follows California Attorney General’s opposition to the deal, citing antitrust concerns.
The proposed merger, one of the largest in entertainment history, faces scrutiny over market concentration. Prior regulatory challenges have delayed or derailed similar media consolidations, including AT&T’s failed Time Warner acquisition.
No immediate market reaction was reported, but the standoff could impact Paramount’s (PSKY) and Warner Bros Discovery’s (WBD) stock valuations if unresolved.