Paramount and Warner Bros Merge as Skydance in $110B Deal

The takeover will close on Oct 6 after a California federal judge approved a settlement with 12 state attorneys general to resolve antitrust lawsuits. The $110 billion acquisition moves forward under a consent decree the judge called a fair and reasonable approach to addressing competition concerns. As part of the agreement, Paramount committed to releasing at least 30 films annually and creating an editorial board to oversee operations at both CNN and CBS News.