The Long Federal Communications Committee is reviewed against the background of President Donald Trump's claim that the marriage of joy – may go to the rocks.
On Wednesday's note, analyst Greenfield of Lightshed partners started by others wondering, saying that “it is increasingly concerned that the deal could collapse because Paramount is paralyzed by legal concerns surrounding President Trump – CBS 60 minutes.”
Last summer, the proposed merger announced several automatic accessories for 90 days. If it is not closed by July 7, which will lead to another round until early October. Greenfield believes that the ends will move away if it is not done by that time. Disarcase fee of $ 400 million will not apply in this case because the approval of the Federal Communications Committee was a condition for the deal.
Trump sued the CBS to Paramount for $ 20 billion to liberate it from corresponding excerpts with former presidential candidate, Kamala Harris, and there was no mediation, but no settlement yet. Meanwhile, politicians in Washington, DC, California, and the public interest group of the dominated shareholder in Paramount Shari Redston, warned that if the company settles, it may be interpreted as a bribe because it is awaiting the approval of the deal. “We believe that the Federal Communications Committee (FCC) is unlikely to weigh the current TROMP/CBS lawsuit,” Greenfield said.
However, “it seems quite clear that the Paramount Board and senior executives are concerned about the personal responsibility associated with the signature of Trump's settlement.” He pointed out that three of the new directors who announced this week included the respected arbitrator Mary Boys, the wife of Titan David Boys's legal.
Hollywood was rooted for David Ellison's jump, and there was a feeling among investors that the deal would be closed in the end by looking at his father, financial supporter and co -founder of billionaire Larry Ellison with Donald Trump. Paramount recently confirmed that the deal is expected to reach the first half. However, it only set its annual meeting in early July.
Employed link. Senator Elizabeth Warren, Senator Bernie Sanders (I-VT), and Senator Ron Widen, warned against Redstone in a speech that a possible settlement may violate federal bribery laws. The heads of the Energy, Utilities and Communications Committee in California, the Judicial Committee of the Senate in Sacramento, and the Senate Josh Baker and Thomas J. Ompered, they informed Redston and Parmont that they started an investigation to find out whether Golden's bribery and unfair competition laws were about to violate. The non -profit group said that it intends to prosecute Paramount if it settles, saying companies that have news means. “It should not be in the field of business” to settle “unfounded lawsuits that violate the first amendment clearly and the exposure of other media outlets.”
Redstone controls Paramount through Family Holding Company National Amusements, which also owns the national film theater and was in a year struggle to serve its debts. As Greenfield, Merchant Bank Bdt Capital Partners and the Ellison Nai family loaned approximately $ 400 million. It is not clear what the timing of payment and the conditions of the gyun, or it will be if the deal collapses.
One Wall Street noticed that Nai has some assets, including prominent stock lands around many of its theaters although it sold some of them.
Paramount representatives and Nai refused to comment.
This person said: “We all want David there, but the longer I am going to get there and make changes, it is not good for any company.”
