A federal judge approved a settlement with state attorneys general, clearing Paramount’s takeover of Warner Bros. Discovery.
The article says the merger is set to finalize next week in the United States.
It puts the total acquisition value at $110 billion after that last regulatory hurdle was cleared.
State attorneys general agreed to the terms after extensive negotiations, the article says.
David Ellison is described as taking control of the combined media company.
Workforce integration and asset restructuring are immediate priorities for the combined studios.
Executives are finalizing closing documents, and employees are waiting on guidance about structural changes.
Cited coverage says the judge’s approval was the last hurdle before Paramount can close the Warner deal.
Read the full story on the Paramount-Warner settlement and the planned closing next week.
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