US judge approves settlement allowing Paramount to acquire Warner Bros

A United States judge has entered an order giving the green light for the media giant Paramount to complete its $110bn acquisition of entertainment company Warner Bros., despite fears about the long-term impacts of media consolidation . On Wednesday, US District Court Judge Araceli Martinez-Olguin approved a settlement between Paramount, Warner Bros, and a group of 12 states that had sued to block the merger. In her ruling, Martinez-Olguin described the proposed deal as a “fair, reasonable, and good faith approach to address the competitive harms”. Analysts have long raised concerns about the acquisition, one of the largest media mergers in history.