Paramount settles lawsuit blocking $110 billion Warner Bros. merger
Paramount has reached a settlement with California and the 11 other states that sued to block its planned $110 billion acquisition of Warner Bros.
Discovery.
The settlement removes a major roadblock standing in the way of the massive media merger.
Paramount Chairman & CEO David Ellison: We are grateful to Attorney General Bonta and his fellow AGs, as well as the WGA, for engaging in good faith to find a path forward to a resolution that serves all parties, and to Governor Newsom for his support throughout this process.
Our shared aim was an outcome that best serves consumers, workers and - most importantly - the creative community so vi … Read the full story at The Verge.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theverge.com — the content belongs to The Verge.
