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Paramount remains confident in its antitrust bonafides: ‘The deal will get done one way or another’
But does the studio believe in its argument enough to risk a preliminary injunction? Why selling CNN just might be the price for not having to find out
A coalition of 12 state attorneys general, led by California’s Rob Bonta, will likely be successful in their quest to obtain a temporary restraining order that halts, for an estimated two to three weeks, the $110 billion merger of Paramount and Warner Bros. Discovery.
Quoting unnamed executives close to the merger, however, CNN media reporter Brian Stelter also on Wednesday described the general mood among dealmakers as … inevitable.
“The deal will get done one way or another,” one executive told Stelter.
Meanwhile, speaking on the coalition’s broader goal of obtaining an actual preliminary injunction stopping the deal in a more lasting and damaging way, Paramount lead counsel Jeffrey Kessler told CNBC that Bonta’s group lack a case with sufficient antitrust merits.
