GoKawiilJudge approves Paramount's settlement with 12 states, clearing path for Warner merger
A federal judge approved Paramount's consent decree settling an antitrust lawsuit brought by 12 states over its proposed acquisition of Warner Bros. Discovery, removing the last major legal obstacle to the $81 billion deal. The merger is expected to close on October 6, and Paramount announced Mattel CEO Ynon Kreiz will join as co-CEO alongside David Ellison once the deal completes.
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The combination merges two of Hollywood's five remaining legacy studios, bringing CNN, HBO Max and CBS, Paramount+ and major film franchises under one roof, which could further concentrate control of entertainment content among a shrinking number of companies. Critics cited in the ruling's aftermath argue the settlement's terms are too weak to address competitive concerns, suggesting regulatory oversight of the deal may remain contentious even after closing.
- A federal judge ruled the states' settlement was fair and reasonable, clearing Paramount's last legal hurdle.
- The $81 billion Paramount-Warner Bros. Discovery merger is expected to close October 6.
- Mattel CEO Ynon Kreiz will become co-CEO alongside David Ellison, while critics say the settlement terms are too weak.
Source: fastcompany.com, 2026-10-01
Published there as: “Paramount’s mega merger with Warner is set to close soon as judge approves settlement with 12 states”
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