Hours after Netflix announced that it would not offer a rival bid, California’s Attorney General Rob Bonta was out with a statement, reminding that his office still has a role in examining the merger, as attention has focused on the Trump Justice Department.
“These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open investigation, and we intend to be vigorous in our review,” he wrote.
While the conventional wisdom is that Paramount-Wbd will have an easier time of clearing the U.S. Justice Department, there are still state attorneys general and overseas regulators, including the European Union.
There’s also the political factor: Democrats are hammering Paramount CEO David Ellison on his contacts with the Trump administration not just over this transaction,…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
