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Hollywood Shocker: Paramount Threatens October Exit from California Amid $110B Merger Feud

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Hollywood Exodus? Paramount Threatens October Exit from California and NYC Amid $110B Merger Showdown

the staff of the Ridgewood blog

LOS ANGELES, Calif. / NEW YORK, N.Y. — In a dramatic escalation of its multi-billion-dollar legal battle, Paramount is evaluating plans to pull its corporate and production operations out of California as early as October. The media conglomerate is also mulling moving CBS News away from its historic base in New York City.

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Streaming Wars Shake-up: Jared Kushner Exits Paramount’s Hostile Bid for Warner Bros. Discovery

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Affinity PartnersDrops Out of Hostile Bid for Warner Bros. Discovery

the staff of the Ridgewood blog

Wall Street NY, the battle for Hollywood’s most storied assets has taken another dramatic turn. Affinity Partners, the private equity firm founded by Jared Kushner , has officially withdrawn its financial backing from Paramount’s massive $108.4 billion hostile bid for Warner Bros. Discovery (WBD).

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