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.
Federal authorities say the sweeping crackdown targeted online piracy networks during the 2026 FIFA World Cup, including matches played in Atlanta and Miami.
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.