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Telecommunications & Media

Paramount-Warner Bros Discovery $110 billion merger gains momentum as lawsuit settled

Paramount has reached a settlement with 12 U.S. states that sued to block its acquisition of Warner Bros Discovery, easing a key legal obstacle to the $110 billion merger. The deal includes commitments to maintain theatrical releases for five years and raise U.S. film production spending. It also sets penalties for non-compliance, creates a worker support fund and imposes conditions on cable channel contracts, Pluto TV and news independence.

Games & Commerce

Korea FTC resumes review of food delivery app most-favoured-nation case

South Korea\'s Fair Trade Commission has rejected four requests by Baedal Minjok and Coupang Eats for consent decrees, saying the proposed corrective measures were insufficient to open the procedure. The cases involve Baemin\'s alleged demand for most-favoured-nation terms, preferential treatment for its own delivery service and misleading estimated delivery times, and a most-favoured-nation allegation involving Coupang Eats. The rejection restarts the review process to determine violations and possible penalties.