Paramount Seeks Deal With States Over Warner Bros. Merger
Listen to the story
Paramount wants to buy Warner Bros. Discovery. This is called a merger. It means two companies become one big company.
But 12 U.S. states do not like this plan. They say it is bad for people. The states started a lawsuit to stop the merger. A lawsuit is when people go to court to fight about something.
The states say the merger breaks antitrust rules. Antitrust rules stop companies from getting too big and too powerful.
David Ellison works for Paramount. He is an executive, a top boss at the company. He said the lawsuit costs too much money.
Now Paramount wants a settlement. A settlement is an agreement to end a fight without going to court.
Some people also joke about moving from Beverly Hills to Nashville. Beverly Hills is a rich area in Hollywood. Nashville is a city in Tennessee. People say no one really wants to move there instead.
Vocabulary15 words
- merger
- when two companies join to become one company
- lawsuit
- a legal fight in court
- antitrust
- rules that stop companies from becoming too powerful
- executive
- an important boss in a company
- settlement
- an agreement to stop a fight
- Hollywood
- the area in California famous for movies
- Tennessee
- a state in the United States
- company
- a business that sells things or services
- boss
- a person in charge
- agreement
- when people decide something together
- court
- a place where legal problems are solved
- power
- control or strength
- rules
- things you must follow
- money
- cash used to buy things
- city
- a big town
Quiz
Answer key
1. Merge with it 2. They think the merger breaks antitrust rules 3. The cost of the lawsuit
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Paramount wants to buy Warner Bros. Discovery. This is called a _____. It means two companies become one big company.
But 12 U.S. states do not like this plan. They started a _____ to stop the merger.
The states say the merger breaks _____ rules. These rules stop companies from getting too big.
David Ellison is an _____ at Paramount. He said the lawsuit costs too much money.
Now Paramount wants a _____. This means an agreement to end the fight without going to court.
People joke about moving from _____ to Nashville, saying no one really wants to.
More Business stories
Next story · Easy
Garrett Nussmeier Praises Mahomes as He Battles Justin Fields for Chiefs Roster Spot