Paramount settles with US states, clearing path for Warner Bros. merger
Paramount has reached a settlement with California and 11 other US states, removing a major legal obstacle to its planned $110 billion takeover of Warner Bros. Discovery. The agreement clears the way for one of the largest media mergers in years, after months of legal and political scrutiny.The deal would bring together major film, television and news assets under a single company. Officials said the settlement includes commitments on film production, jobs and editorial independence at CNN and CBS News. The transaction had already been approved by the Trump administration in June without changes to the business terms, but 12... [Continue Reading]
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