Crucial Quote
“Today’s agreement is a significant win because the result is exactly what we have sought from the outset: a direct path to a trial based on the evidence,” a Paramount spokesperson told multiple outlets. “This is the fastest and clearest way to prove that this transaction is good for competition, good for consumers, and good for creators, a conclusion dozens of competition authorities around the world have already reached.”
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Big Number
$110 billion. That is roughly what the merger is valued at, with Paramount agreeing to pay $31.00 in cash for all outstanding WBD shares.
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This is a developing story. Check back for updates.