CHICAGO — A federal judge has 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 US$81 billion (S$103 billion) mega merger.
In a Wednesday order, US District Judge Araceli Martínez-Olguín 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, which was bought by Skydance just last year, previously called the antitrust challenge the last hurdle ahead of closing its Warner merger.
The companies now expect to complete the deal on Oct 6. Shortly after Martínez-Olguín’s ruling Wednesday afternoon, Paramount...
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