Paramount-Warner Bros. Settlement to be Considered at Court Hearing

Logo text The federal judge overseeing the now-settled bid from a dozen states challenging Paramount ‘s $110 bid to acquire Warner Bros. Discovery will consider on Thursday whether to dissolve their joint agreement not to close the deal.

The purpose of the hearing is to “address certain outstanding questions regarding the factual and legal underpinnings of the parties' proposed consent decree” and its implementation, according to a court document filed on Tuesday.

The hearing will follow a landmark settlement struck over the weekend to resolve the lawsuit, clearing the way for Hollywood’s next media and entertainment colossus. The deal doesn't require any divestitures typical of enforcer-friendly deals. Instead, it appears to be a five-year operating agreement imposed through a consent decree.