Leaks out of David Ellison's inner circle said the CEO wold take his Paramount ball & leave California if state AGs didn't back off on their antitrust suit

LA Mayor Karen Bass and Attorney General Rob Bonta were reportedly told Paramount's Hollywood exit announcement was imminent as Nashville scouting ramps up.

Royal families of Saudi Arabia, Qatar and Abu Dhabi will own nearly 50% of the equity of a merged Paramount-Warner Bros. Discovery

The FCC has approved an investment in the Paramount-Warner Bros. Discovery merger by a group of foreign investors, including three Middle Eastern sovereign wealth funds. Per a declaratory ruling on Thursday,

The FCC Paramount’s proposed merger with Warner Bros. Discovery cleared an FCC review of its foreign ownership stake. Paramount has disclosed that total foreign ownership of the combined company would be 49.

Beginning Oct. 14, the two sides will try to hash-out a deal that will allow the massive merger to advance.

Paramount declined to comment on reports it may leave California, prompting responses from state officials as the company battles a lawsuit over its Warner Bros. Discovery deal.

The Federal Communications Commission on Thursday approved Paramount’s petition to allow 49.5% of its equity to be held by foreign entities once the Warner Bros. Discovery deal is complete. Paramount owns 28 TV stations,

Shares of multinational media and entertainment corporation Paramount (NASDAQ:PSKY) fell 3.2% in the afternoon session after Barclays reinstated coverage on the stock with an Underweight rating and an $8 price target,