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California judge approves settlement clearing path for Paramount Skydance’s $110 billion Warner acquisition

  • A California federal judge approved a settlement involving Paramount Skydance and 12 state attorneys general.
  • The settlement clears the path for Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery.
  • The approval removed what was described as the last major legal obstacle to the deal.

A federal judge in California approved a settlement between Paramount Skydance and 12 state attorneys general on Wednesday, removing the last major legal obstacle to Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery. The ruling clears the path for the transaction, described as the biggest media consolidation in years.

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