Los Angeles, United States, May 13, 2026 (AFP) - Paramount defends Warner bid amid California probe

NAMPA / AFP
2026-05-13
Paramount Skydance has defended its attempt to buy the legendary Warner Bros. studio, in a letter to California's top lawyer whose office is probing the $110 billion bid, US media reported Tuesday. The move comes amid growing calls for regulators to block the takeover, with creators in Hollywood fearing the highly leveraged buyout will mean job cuts and a drastically scaled back movie slate, with production going straight to streaming. In a lette......
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