Federal judge clears path for Paramount and Warner Bros. Discovery merger
A federal judge has now 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 mega merger. Paramount previously called the antitrust challenge the last hurdle ahead of closing its Warner merger, and signaled that it aims to close its Warner acquisition as soon as early October. Shortly after U.S.
District Judge Araceli Martínez-Olguín’s ruling on Wednesday afternoon, the company announced that Ynon Kreiz — current chief executive at toy giant Mattel — will join as co-CEO alongside David Ellison of the combined company.
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