Paramount Skydance reaches antitrust deal with states over Warner Bros. Discovery purchase
Paramount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.
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Paramount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
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.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
Warner Bros. Discovery said it will engage with Paramount Skydance to assess if its latest offer is superior to Netflix's $83 billion bid.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Warner Bros. Discovery's board again urged shareholders to reject Paramount Skydance's offer, calling it inferior to Netflix's bid
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
UFC CEO Dana White confirmed plans for a July 4, 2026 fight at the White House to mark America's 250th birthday.
Paramount will become the new home to all UFC events in the U.S., while UFC's CEO says the White House may host a July 4 event broadcast on CBS.
Paramount Global and Skydance Media agreed to merge last year.
Paramount has agreed to settle President Trump's lawsuit over a "60 Minutes" interview with Kamala Harris for $16 million, the company announced late Tuesday.
Paramount layoffs come as media giant prepares to merge with movie studio Skydance Media.
The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.
Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.
Ex-Nickelodeon producer Dan Schneider was accused of inappropriate and abusive behavior in the docuseries, "Quiet on Set: The Dark Side of Kids TV."
The sale comes nearly a year after a federal judge blocked the nearly100-year-old publisher's purchase by Penguin Random House.
Media company will lay off 25% of employees in its entertainment TV unit and pull the plug on MTV News.
"I realized, after the seven years, my time is up," the 38-year-old comedian told his audience.
