Paramount caves in to save its $111B Warner Bros. mega-deal
So Paramount really wants to take over Warner Bros. Discovery, and it is ready to give up whatever it takes to keep the dream alive.
Imagine offering $111 billion to buy out your bigger Hollywood rival, only for a dozen state attorneys general to jump out of nowhere with a lawsuit threatening to blow the whole thing up.
Instead of digging in for a brutal court fight, the studio's owners agreed to key concessions just to get twelve Democratic attorneys general to drop their challenge. When that much money and corporate pride are on the line, sudden flexibility is remarkably easy to find.
Nothing softens up tough media moguls quite like the terrifying prospect of a collapsed eleven-figure mega-merger.
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