Paramount and Warner Bros merger closes after judge approves settlement
U.S. District Judge Araceli Martínez-Olguín approved a settlement with state attorneys general on Wednesday, clearing the way for Paramount and Warner Bros Discovery to close their $111 billion merger next Tuesday.
Judge removes final legal barrier
The court found the consent decree represents a reasonable resolution of the dispute. This decision eliminates the last obstacle preventing the completion of the deal approved by regulators in 68 jurisdictions worldwide.
Merger closes on October 6
Regulatory filings indicate the combined company will officially merge next Tuesday, Oct. 6. The companies confirmed this timeline later Wednesday after the judge signed off on the agreement.
New operational rules apply
The settlement requires the merged entity to keep historic studio lots for at least five years. It also mandates additional annual spending on U.S. film production and a board to oversee news editorial independence.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Variety
- Hypebeast
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