California regulators are reportedly preparing to demand divestitures of TV channels as part of the proposed merger between Paramount Global and Warner Bros. Discovery.
California’s Public Utilities Commission is expected to seek the sale of certain TV channels as a condition for approving the merger between Paramount Global and Warner Bros. Discovery. The move follows broader scrutiny of media consolidation deals.
Further details on the scope or timing of the potential divestitures were not immediately available.
Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.
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