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Paramount gains court clearance and names Kreiz for combined-company leadership

A U.S. judge approved the settlement allowing the $110 billion Warner Bros. Discovery ($WBD) acquisition by Paramount ($PSKY) to proceed. Separately, Paramount confirmed that departing Mattel ($MAT) chief Ynon Kreiz will join it and become co-chief executive of the combined company when the transaction closes. David Ellison will remain chairman and chief executive, with Kreiz overseeing day-to-day operations and integration. Mattel named Roger Lynch as Kreiz’s successor, with the transition expe

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PSKY@tickerstatVerified official TickerStat account

Paramount reportedly discusses concessions for Warner Bros. Discovery deal

Paramount ($PSKY) and California’s attorney general are discussing concessions connected to the proposed $110 billion Warner Bros. Discovery ($WBD) acquisition, Reuters reported, citing the Wall Street Journal. Possible terms include a $1.5 billion production investment in California. The discussions follow a lawsuit by California and 11 other states seeking to block the merger. No settlement was confirmed. The report describes negotiations, not regulatory clearance, a completed acquisition or a

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