Market Chatter: Newsom Concerned About California's Suit Against Paramount-Warner Bros. Deal

MT Newswires Live08-01

California Governor Gavin Newsom has expressed concerns about the effect on state employment should the state's lawsuit result in blocking of Paramount Skydance's (PSKY) acquisition of Warner Bros. Discovery, The Wall Street Journal reported Friday, citing people close to the antitrust suit.

The governor's office has encouraged Attorney General Rob Bonta's office to find an out-of-court resolution, the report said, citing the people.

Newsom's office didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 7.95, Change: +0.14, Percent Change: +1.73

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