Paramount Skydance has proven its willingness to comply with President Donald Trump, but delays in closing the deal could be costly. The company is on the hook to pay Warner Bros. Discovery "a daily ticking fee equal to $0.25 per share per quarter beginning after September 30, 2026." The company also has to pay $7 billion to Warner Bros. Discovery if the deal is terminated for regulatory reasons. Netflix lost the battle for Warner Bros. Discovery, but getting a competitor to potentially overpay for the studio might be its own reward.
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US Magistrate Judge William Porter criticized government prosecutors for not including key information in a search warrant application. The court wasn't aware of a 1980 law that limits searches and seizures of journalists' work materials when it approved the warrant, Porter acknowledged.
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