A US judge has cleared Paramount to complete its $110 billion acquisition of Warner Bros, ending a monthslong holdup on the deal. The order follows a settlement with a California-led coalition of states that had challenged the merger on competition grounds.
A US judge entered an order on Wednesday allowing Paramount to close its acquisition of Warner Bros, ending a monthslong holdup for the $110 billion transaction.
US District Court Judge Araceli Martínez-Olguín approved a settlement between the companies and a California-led group of states. The states had alleged the deal would harm competition in film and television.
Source: Investing.com
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