Judge questions Paramount-Warner Bros. merger
A federal judge appointed by President Biden is reviewing the proposed merger between Paramount Skydance and Warner Bros.Discovery to ensure the settlement meets federal antitrust laws. This hearing occurred shortly after California Attorney General Rob Bonta announced that both companies had agreed to resolve remaining legal obstacles to the $111 billion merger, pending court approval for finalization.
A Biden-appointed federal judge scrutinized the proposed merger between Paramount Skydance and Warner Bros. Discovery during a court hearing on Thursday to make sure the negotiated settlement complies with federal antitrust law.
The virtual hearing came three days after California Attorney General Rob Bonta (D) announced that both sides had come to an agreement to clear all remaining legal roadblocks to the $111 billion transaction. The deal needs the court’s approval before the merger can close.
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