Paramount settles antitrust case over Warner Bros acquisition
Paramount Skydance has settled an antitrust lawsuit brought by 12 US states seeking to block its acquisition of Warner Bros, according to France 24. The company also settled with the Writers Guild of America. California’s attorney general said the agreement addressed competition and protection concerns but did not represent support for the deal.
Paramount Skydance has settled an antitrust lawsuit brought by a dozen US states over its proposed acquisition of Warner Bros, according to France 24. The company also reached a settlement with the Writers Guild of America. The legal actions had sought to block the acquisition, but the supplied material does not provide the financial or other terms of either settlement.
California’s attorney general said the agreement addressed concerns about competition and protection. The attorney general also stressed that the settlement did not amount to a vote of support for the transaction. The report does not state when the acquisition will be completed, whether further approvals are required or how the agreement will affect the combined company.
It establishes that the lawsuits have been settled while noting that California has not endorsed the deal.
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