Judge approves settlement with 12 state AGs, clearing Paramount’s $111 billion Warner Bros. Discovery merger for Oct. 6 close
A federal judge approved Paramount’s settlement with a group of state attorneys general, removing the last legal obstacle to Paramount’s $111 billion merger with Warner Bros. Discovery. Paramount has tentatively set Oct. 6 to close the deal after it was cleared by regulators in 68 jurisdictions worldwide, including the Justice Department. Under the terms tied to the transaction, WBD CEO David Zaslav is set to receive more than $550 million in stock and cash compensation once the merger closes.