Paramount May Sell Nickelodeon or Cartoon Network to Secure EU Merger Approval, Report Says
By
Ray Flook
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
Paramount Skydance, led by David Ellison, is racing to complete its takeover of Warner Bros. Discovery before a ticking fee kicks in. According to Bloomberg, Paramount may consider selling children's TV network assets like Nickelodeon or Cartoon Network to secure EU regulatory approval for the merger. The deal is also facing potential legal challenges from multiple U.S. states joining together to oppose it.
Key quotes
· 3 pulledParamount would consider selling 'some children's TV network assets' to secure EU approval for its deal.
David Ellison's Paramount Skydance races the clock to complete the takeover of David Zaslav's Warner Bros. Discovery before he has to start paying a pretty dramatic 'ticking fee.'
Several states may be joining together to challenge the merger.
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