Paramount settles lawsuit with US states, helping clear way for $110bn merger with Warner Bros
Image source, Getty ImagesA coalition of states led by California had challenged the deal, raising concerns over competition across film and television.
ByFrancisco Velasquez
Business reporterReporting fromNew York
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Published3 minutes ago
Paramount 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.