Paramount reaches settlements supporting $110 billion Warner Bros. takeover
The company could avoid a $7 million daily fee if the merger closes by September 30.
Paramount has reached settlements with US states and a union that support its planned $110 billion takeover of Warner Bros., according to Al Jazeera.
The supplied item says the Ellison-led company would avoid a daily fee of $7 million if the merger closes by September 30. It does not provide the full terms of the state and union settlements.
The agreements reduce legal and labor obstacles around the transaction, but the excerpt does not confirm that the merger has closed. The September 30 date remains an important deadline under the terms described.
Sources
- Paramount settles with US states, union to win Warner Bros takeover — Al Jazeera — All
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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