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. According to the proposed consent decree filed with the court, it includes requirements like minimum [...]

Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, forming a combined company known as Skydance. The merger officially puts Paramount and WBD's film studios, along with major networks and brands like HBO, CBS News, and CNN, under one roof. The road to the media megamerger has been a rocky one for Paramount, [...]