Business StandardCenter·
Paramount-Warner $81 bn merger clears key hurdle as states settle lawsuits
Twelve states and Hollywood writers challenging Paramount's buyout of Warner Bros Discovery agreed to settle their lawsuits on Monday, effectively paving the way for the USD 81 billion mega merger to cross the finish line, with some new commitments from the company. The blockbuster deal will still vastly reshape Hollywood - bringing together two of the "big five" remaining studios, key TV networks like CBS and CNN and streaming platforms HBO Max and Paramount+, as well as decades-old libraries …
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