Market Chatter: Paramount Could Leave California in October Amid Warner Bros. Deal Antitrust Fight

MT Newswires Live08-12 16:28

Paramount Skydance (PSKY) could begin moving out of California as soon as October if the company is unable to make progress toward settling a multistate antitrust lawsuit seeking to block its proposed acquisition of Warner Bros. Discovery (WBD), The Wall Street Journal reported late Tuesday, citing a Paramount executive.

A potential move out of California, which is among the states that have filed the suit, is on the table, Paramount Chief Legal Officer Makan Delrahim told the publication.

Potential locations include Tennessee, Texas and Georgia, according to the report.

Paramount didn't immediately respond to MT Newswires' request for comment.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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