Paramount settles antitrust lawsuit, clears Warner Bros. acquisition

On September 21, Paramount Skydance settled antitrust lawsuits filed by twelve state attorneys general and the Writers Guild of America, removing the last major obstacle to David Ellison's $110 billion acquisition of Warner Bros. The settlement includes protections designed to limit market power and ensure editorial independence.

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Paramount to Settle States’ Lawsuit, Clearing Way for Warner Bros. Merger

stream:bsky-jetstreamother8d ago wire ×2 kagi ↗

Sherman rolling over in his grave right now. This country is a fucking joke I’m moving to Brazil. Time to be shitty at Português. The deal would remove the last significant hurdle the media mogul David Ellison faced to create a news and entertainment empire, home to movie studios, HBO, CBS and CNN.

Paramount, US states settle antitrust lawsuit over Warner Bros. acquisition

rss:france24international8d ago kagi ↗

Paramount Skydance has settled a lawsuit with a dozen US states that sought to block its acquisition of Warner Brothers, as well as with the Writers Guild of America. California's Attorney General said that while the settlement addressed concerns over competition and protection, it did not mean a vote of support for the deal.

Paramount Settles States’ Lawsuit, Clearing Way for Warner Bros. Merger

stream:bsky-jetstreamother7d ago kagi ↗

CA and other blue states settled their anti-trust case against oligarch Ellison…. And got pretty much nothing in return By resolving a lawsuit filed by a group of states, the media mogul David Ellison removed the last major hurdle he faced in buying Warner Bros. Discovery.