Fast Company/3h ago
Paramount’s megamerger with Warner is set to close soon as judge approves settlement with 12 states
Paramount’s megamerger with Warner is set to close soon as judge approves settlement with 12 states. A federal judge has granted Paramount’s settlement agreement with 12 states that sued over the company’s takeover of Warner Bros. Discovery , allowing the companies to soon close their $81 billion megamerger . In a Wednesday order, U.S. District Judge Araceli Martínez-Olguín ruled that the proposed consent decree was a “fair, reasonable, and good faith approach to address the competitive harms” alleged by the states’ lawsuit. Paramount, which was bought by Skydance just last year, previously called the antitrust challenge the last hurdle ahead.