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The Democracy Defenders Fund touted the letter’s signatures from over 75 Academy Award winners and nominees, including actor Joaquin Phoenix and director Denis Villeneuve.
California Attorney General Rob Bonta is leading an antitrust investigation into the Paramount-WBD merger.
KEY POINTS
- Bonta is reportedly coordinating with New York Attorney General Letitia James on potential multi-state legal action.
- If the merger is delayed past September 30, WBD shareholders receive a 25-cent-per-share quarterly ticking fee.
- Paramount must pay a $7 billion termination fee if antitrust authorities block the deal.
- The UK Competition and Markets Authority is preparing to launch its own investigation into the merger's impact.
COMPANIES
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