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.
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.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
