Key facts on Paramount Skydance settlement
Paramount Skydance reached a settlement with 12 states regarding antitrust concerns, clearing the way for its $110 billion acquisition of Warner Bros. Discovery. Jo Ling Kent reports.
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Paramount Skydance reached a settlement with 12 states regarding antitrust concerns, clearing the way for its $110 billion acquisition of Warner Bros. Discovery. Jo Ling Kent reports.
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 has now settled two major lawsuits that were holding up the company's $111 billion buyout of Warner Bros. Discovery. One lawsuit was filed by the Writers Guild of America; the other by a dozen states. Paramount is the parent company of CBS News. Jo Ling Kent has the details.
California Attorney General Rob Bonta on Monday announced details of a settlement reached between Paramount Skydance and 12 states over the company's merger with Warner Bros. Discovery. Paramount Skydance is the parent company of CBS News.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
A judge has granted a temporary restraining order to temporarily block the Paramount Skydance-Warner Bros. Discovery merger from happening. CBS News' Jake Rosen reports. Paramount Skydance is the parent company of CBS News.
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
A coalition of a dozen states on Monday sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, posing a new challenge to the $110 billion deal that would unite two of the nation's largest media companies. Paramount Skydance is the parent company of CBS News. CBS News' Jo Ling Kent reports.
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
SpaceX officially went public on Friday, making history as the largest initial public offering of all time and making Elon Musk a trillionaire. Also on Friday, the Justice Department gave the green light for a merger between CBS News' parent company, Paramount Skydance, and Warner Bros. Discovery. Jo Ling Kent has more.
The Justice Department has given the merger between CBS News' parent company, Paramount Skydance, and Warner Bros. Discovery the green light. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
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.
Comedian and media mogul Byron Allen brings "Comics Unleashed" to CBS's late-night slot, replacing "The Late Show With Stephen Colbert."
Warner Bros. Discovery shareholders voted on Thursday to approve Paramount Skydance's acquisition of the company in a deal valued at roughly $81 billion. Paramount Skydance is the parent company of CBS News. CBS News senior business and tech correspondent Jo Ling Kent reports on the vote and next steps.
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.
Netflix announced it is dropping its bid for Warner Bros. Discovery, which paves the way for Paramount Skydance, the parent company of CBS News, to acquire it instead. The merger would require approval from Warner Bros. shareholders and federal regulators.
Netflix has ended its bid for Warner Bros. Discovery and is clearing the way for a Paramount acquisition. CBS News' Jo Ling Kent reports.
Warner Bros. Discovery said it will engage with Paramount Skydance to assess if its latest offer is superior to Netflix's $83 billion bid.
There are new developments in the major media merger battle over Warner Bros Discovery. In December, Warner Bros agreed to a $83 billion deal with Netflix - rejecting a $108 billion bid from Paramount Skydance. But on Tuesday, Netflix agreed to give Warner Bros. one week to reopen negotiations with Paramount.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.