Paramount has reached a settlement with the US states in a lawsuit challenging its $110bn merger with Warner BrosParamount has reached a settlement with the US states in a lawsuit challenging its $110bn merger with Warner Bros
Image source, Getty ImagesParamount Skydance has settled a lawsuit with dozens of US states, removing a major hurdle to its $110bn (£82.8bn) merger with Warner Bros Discovery.
California Attorney General Rob Bonta told a news conference that state officials agreed to terms after securing commitments to protect competition across film and television, and broadcasting.
Still, “the settlement is not a vote of support for this merger,” Bonta said. “It is not a blessing of the broader merger.”
David Ellison, the company’s chief, has threatened to move studio operations out of California.
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