Paramount Evaluates California Relocation to Sidestep State Lawsuit on $110 Billion Warner Bros. Deal
Paramount is evaluating a potential relocation of its headquarters out of California, citing the risk of a lawsuit from state officials opposing the studio’s $110 billion acquisition of Warner Bros. Discovery.
The proposal comes after California Attorney General Rob Bonta signaled the possibility of a lawsuit regarding the merger. A change in corporate domicile would shift the executive battle over the Warner Bros. transaction from California courtrooms to the company's broader operational footprint.
From the sources (6 posts)
@reutersOregon drops motion to delay Paramount-Warner Bros deal
@deadlineOregon AG Drops Demand For Records & Motion To Delay Paramount-Warner Bros. Discovery Merger, Company Says
@daveweigelRT @semaforben: Scoop: Paramount considers leaving California @rogoswami
@guypbensonRT @rogoswami: New @semafor: Paramount $PSKY may leave California altogether should Bonta sue. Ellison's confidantes and advisors have been…
@californiapostParamount weighs California exodus after state's war on $110B Warner Bros. takeover
@nypostParamount weighs California exodus after state's war on $110B Warner Bros. takeover