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A curated list of other prominent stories from this day.
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.
9:24 PMVariety
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.
4:10 PMVariety
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.
6:55 AMCNBCGoldman 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.
4:00 AMBloomberg MarketsSummary
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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The case could determine whether regulators permit further consolidation in an already concentrated entertainment industry.
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
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal could become a test of whether merger regulators treat media independence as a core competition and public-interest concern.
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
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The settlement could determine whether Paramount can keep the Warner Bros. deal alive without absorbing additional costs.
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
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The megadeal surge signals that AI is reshaping corporate strategy as well as technology budgets.
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