California seeks Paramount asset sales
California Attorney General Rob Bonta is expected to ask Paramount to divest cable channels before approving its merger with Warner Bros. The state previously sued to block the massive deal over competition concerns.
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California Attorney General Rob Bonta is expected to demand asset divestitures in PARAMOUNT SKYDANCE CL B and WARNER BROS DISCOVERY INC's $110B merger. The state aims to force cable channel sales before approving the tie-up.
