Paramount nears deal settlement, but some AGs not on board - CNN

Paramount is in advanced talks with state attorneys general to settle an antitrust lawsuit blocking its acquisition of Warner Bros. Discovery. California AG Rob Bonta is pushing for a deal, but New York AG Letitia James and others, including Connecticut, have reservations. Potential concessions include independent content monitoring of CNN and keeping film studios' operations separate. If no settlement is reached, the trial is set for March 2025.

Paramount and California officials are nearing a settlement to resolve a lawsuit over its $110B acquisition of Warner Bros. Discovery, facing a $7M daily fee if the deal isn't closed by October 1. The settlement may include operating studios separately, theatrical release commitments, and CNN content monitoring. Some states resist the terms, and protests are planned.

Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) are negotiating terms to resolve a state antitrust suit blocking their merger. Discussions now focus on monitoring CNN and theatrical release commitments, rather than a sale. The deal, valued at $110B, includes a daily fee of $7M if not closed by Sept. 30. PSKY shares rose 7.6% after-hours on settlement reports, while WBD gained 8.3%.

Paramount is in advanced talks with California officials to settle an antitrust challenge over its $111 billion acquisition of Warner Bros. Discovery. A deal could come within weeks, but negotiations may still collapse. The dispute has delayed the acquisition, with Paramount facing daily penalties and considering moving its headquarters. Investors reacted positively to the news, with Warner Bros. Discovery shares rising 8.2% in after-hours trading.

Paramount Skydance is nearing a settlement with state attorneys general to close its $110 billion acquisition of Warner Bros. Discovery. The deal faces opposition from a 12-state coalition and activists, who demand stronger antitrust remedies. California AG Rob Bonta seeks structural changes, but reports suggest a compromise may involve operating the studios separately for a period. Paramount faces a $7 million daily penalty if the deal isn't closed by October 1.

Paramount is in advanced settlement talks with California AG Rob Bonta to resolve an antitrust lawsuit over its $110B acquisition of Warner Bros. Discovery. The deal may require Paramount to operate its movie studio separately for a period. The acquisition could create a major sports rights portfolio. Paramount faces a $7M daily fee if the deal isn't finalized by next month.