Paramount Skydance (NASDAQ:PSKY) has reportedly reached a settlement with California and other states that challenged its proposed $110 billion merger with Warner Bros. Discovery, according to Bloomberg News.
Paramount Skydance Corporation (NASDAQ:PSKY) reported second-quarter revenue of $6.913 billion, up 1%, while adjusted EBITDA rose 27% to $1.099 billion.
Bloomberg's Hannah Miller joins Dani Burger on "Bloomberg Deals." A federal judge temporarily paused Paramount Skydance's $110 billion takeover of Warner Bros. Discovery saying it "likely" violates antitrust law.
Paramount Skydance $110 billion takeover of Warner Bros. Discovery has been temporarily paused by a federal judge. The companies have been ordered to hold off on consummating the deal for 14 days, with an Aug. 3 hearing set on whether to extend the hold indefinitely. Chris Palmeri reports on Bloomberg Television.
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