economy United States
Paramount completes Warner Bros. Discovery takeover
12states
The coalition of US state attorneys general that sued to block the merger consists of 12 states.
Paramount completed its $US113 billion takeover of Warner Bros. Discovery, forming Skydance under David Ellison and bringing CNN and CBS News under one roof. The deal includes an independent five-member editorial board and a pledge to produce 30 movies per year.
- Paramount Skydance
- Warner Bros. Discovery
- United States
- Writers Guild of America
- Skydance Corporation
- CNN
- CBS News
- David Ellison
11 sourcesAl Jazeera, PBS News, abc.net.au, FRANCE 24, Deutsche WelleUpdated
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Paramount Skydance reached a settlement with California and 11 other US states over the proposed Warner Bros Discovery merger.
9 of 9 sources“a federal judge in California approved a settlement between Paramount and 12 US states that had sued to block the transaction”