Paramount Skydance nears antitrust settlement for WBD deal
Paramount Skydance has reportedly reached an antitrust settlement with California and 11 other states that sued over concerns, clearing major hurdles for its Warner Bros. Discovery acquisition; the deal is described as $110 billion.
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03:53:25 PM UTC
SquawkNews
WASHINGTON (dpa-AFX) - Shares of Warner Bros. Discovery (WBD) and Paramount Skydance (PSKY) jumped Monday after a report said Paramount and California's attorney general were in advanced settlement talks that could remove a key hurdle to their proposed merger.Warner Bros. Discovery are up 10% in tr…
Paramount Skydance has reportedly cleared the last major hurdles to its acquisition of Warner Bros. Discovery after reaching a settlement with California and 11 other states that sued over antitrust concerns. The settlement would remove a key obstacle to the $110 billion megamerger of the two companies.