Business StandardCenter·
US judge approves settlement, clearing $81 bn Paramount-Warner Bros. 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 USD 81 billion mega merger. In a Wednesday order, US District Judge Araceli Martinez-Olguin 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 previously called the antitrust challenge the last hurd…
Read at Business Standard →
