Paramount closes $110 billion deal to acquire Warner Bros. Discovery
The merger unites two major movie studios, news operations CBS News and CNN and cable networks including Comedy Central and TNT.
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The merger unites two major movie studios, news operations CBS News and CNN and cable networks including Comedy Central and TNT.
Paramount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Stephen Colbert hosted "The Late Show" for the final time Thursday night as the franchise came to an end after 33 years.
"The Late Show" host Stephen Colbert is marking the end of an iconic late-night franchise on CBS.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.