Judge allows Paramount to close $110 billion takeover of Warner Bros. Discovery

A California judge on Wednesday formally approved Paramount Skydance’s settlement with California and other states, the final hurdle required for it to close its $110 billion takeover of Warner Bros. Discovery.
The seismic merger will bring together the likes of CBS News and CNN, HBO Max and Paramount+ and storied film studios Warner Bros. and Paramount Pictures.
Shortly after the judge’s approval, David Ellison, the CEO and controlling shareholder of Paramount Skydance, announced that Mattel CEO Ynon Kreiz would become co-CEO of the combined media giant.
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