Paramount waits for Warner Brothers
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Paramount is a film company from Hollywood. It wants to buy Warner Brothers. The purchase costs 111 billion dollars. Now there are problems. 12 states in the USA sue. A group of authors also sues. They fear for the competition.
A judge checks the lawsuits now. The purchase pauses for a long time. This takes until the year 2027. The waiting is very expensive. The firm pays money to the shareholders. This is 650 million dollars every 3 months. Paramount must pay a penalty if the purchase fails. The penalty is 7 billion dollars.
Many people worry about CNN. CNN belongs to Warner Brothers. Larry Ellison is the boss of Paramount. He supports Donald Trump. Critics fear for the freedom of CNN. CNN may report too nicely about Trump. The states also worry about cinemas. Paramount becomes too powerful for new films.
A judge checks the lawsuits now. The purchase pauses for a long time. This takes until the year 2027. The waiting is very expensive. The firm pays money to the shareholders. This is 650 million dollars every 3 months. Paramount must pay a penalty if the purchase fails. The penalty is 7 billion dollars.
Many people worry about CNN. CNN belongs to Warner Brothers. Larry Ellison is the boss of Paramount. He supports Donald Trump. Critics fear for the freedom of CNN. CNN may report too nicely about Trump. The states also worry about cinemas. Paramount becomes too powerful for new films.
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Definitions
- Wettbewerb
- Wettbewerb means many firms offer the same things. Customers can choose. This brings better prices.
- Aktionär
- A shareholder is a person or a firm. This person owns a small part of a company. These parts are shares.
People
- Donald Trump
- Donald Trump is a politician in the USA. He was the president of the USA before.
- Larry Ellison
- Larry Ellison is a very rich man. He started a software firm and supports Donald Trump.
Locations
- Vereinigte Staaten von Amerika
- The United States of America are a big country in North America.
- Hollywood
- Hollywood is a district of Los Angeles. People make many cinema films there.
Sources
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