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US judge allows Paramount to close Warner Bros acquisition

US judge allows Paramount to close Warner Bros acquisition

- A US judge entered an order on Wednesday that allows Paramount PSKY.O to close its acquisition of Warner Bros WBD.O, ending a monthslong holdup for the $110 billion transaction.

US District Court Judge Araceli Martínez-Olguín approved a settlement between the companies and a California-led group of states that had alleged the deal would harm competition in film and television.


(Reporting by Jody Godoy, Editing by Franklin Paul)

((jody.godoy@tr.com))

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