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.