Paramount reaches settlement with 12 states over proposed Warner Bros. merger
Paramount Skydance has reached a settlement with California and 11 other states that sued to block its proposed $110 billion Warner Bros. Discovery merger.
Paramount Skydance reached a settlement with a coalition of state attorneys general that challenged its planned merger with Warner Bros. Discovery, according to reports cited by Al Jazeera. The terms include independent editorial boards for CNN and CBS and a penalty tied to promised film production.
The agreement removes one legal obstacle to the transaction. Paramount did not immediately comment to Al Jazeera, and the merger had not yet closed.