Latest about Paramount Global
The proposed settlement includes concessions to protect editorial independence of CBS and CNN, film output levels, workers impacted by layoffs and restrictions on cable network price hikes
The possible deal, which was immediately criticized by some opponents, includes protections for CNN and CBS and establishes output levels for film production.
Business Regulator approves 49.5% foreign ownership, including a 38.5% stake by Middle East investors, which exceeds the 25% limit on broadcast stations
Advocacy groups urge rejection of a ‘backroom’ deal on $111 billion transaction
Merger could be halted until antitrust trial is completed in June 2027
Business Temporary restraining order puts deal on hold for up to 14 days
Netflix has declined to raise its bid, saying `the price required to match Paramount Skydance's latest offer...is no longer financially attractive"
It will nominate directors for election at the WBD 2026 Annual Meeting as part of a proxy fight to block the Netflix deal and acquire the company
