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Other Developments
A curated list of other prominent stories from this day.
9:24 PMVariety
Mark Ruffalo Tells Rob Bonta ‘Don’t You Dare’ Settle the Antitrust Lawsuit Against Paramount: ‘Do Not Cave’
Summary
Mark Ruffalo urged California Attorney General Rob Bonta and 11 other state attorneys general to continue their antitrust lawsuit against Paramount Skydance rather than allow David Ellison to acquire Warner Bros. Discovery. Ruffalo said thousands of filmmakers had backed opposition to the deal.
The coalition now faces public pressure to reject a settlement as the proposed acquisition remains
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Why it matters
The case could determine whether regulators permit further consolidation in an already concentrated entertainment industry.
Elizabeth Warren Says it Would be a ‘Massive Mistake’ for Rob Bonta to Settle Lawsuit With Paramount as Trump Bans CNN from White House: ‘This Is a Dangerous Merger’
Summary
Sen. Elizabeth Warren urged California Attorney General Rob Bonta not to settle the states’ lawsuit challenging Paramount Skydance’s proposed merger with Warner Bros. She pointed to President Trump’s ban on CNN from the White House as evidence of the risks she believes the deal could create for media independence.
The merger now faces a broader political test: opponents are tying its approval to concerns
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Why it matters
The deal could become a test of whether merger regulators treat media independence as a core competition and public-interest concern.
Paramount could settle with states over Warner Bros. as soon as this weekend, sources say
Summary
Paramount may reach a settlement with states over its proposed Warner Bros. transaction as soon as this weekend, according to people familiar with the matter. A deal could also help Paramount avoid millions of dollars in fees owed to Warner Bros. shareholders.
A settlement would reduce a major obstacle to the transaction and limit Paramount’s legal and
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Why it matters
The settlement could determine whether Paramount can keep the Warner Bros. deal alive without absorbing additional costs.
Odd Lots: Goldman’s Sykes on the 2028 Olympics Deal (Podcast)
Summary
Goldman Sachs M&A co-head Gene Sykes discusses the return of megadeals, the pressure on companies to scale in response to AI, and the deal cycles that have shaped his career. The conversation also examines his role in the transaction tied to the 2028 Olympics.
AI competition is pushing dealmaking toward larger, more strategic combinations, helping drive Goldman’s record volume
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Why it matters
The megadeal surge signals that AI is reshaping corporate strategy as well as technology budgets.