Clearing the way for a Paramount-Warner Bros. merger

Paramount Skydance reached a settlement yesterday, clearing the last major roadblock to its $111 billion acquisition of Warner Bros. Discovery. The takeover will give Paramount and its CEO David Ellison control over both CBS and CNN, while also combining control over two major streaming services, Paramount+ and HBO Max. Today, we provide an explainer. Also, data center developers in Texas now face new hurdles for their projects.

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