Paramount reportedly reaches settlement of suit seeking to block WBD deal

Paramount and a coalition of state attorneys general are negotiating a settlement to resolve antitrust concerns over its $81B acquisition of Warner Bros. Discovery. The deal may include a $1.5B commitment to California production and penalties for missed theatrical releases. Paramount faces a $7M daily payment to WBD shareholders starting October 1 if the deal is not closed. CNN's editorial independence and potential asset sales are also under discussion.

Warner Bros. Discovery (WBD) and Paramount Skydance (PSKY) shares rose 7% and 5% on reports of a settlement with California officials over Paramount's $111B acquisition of Warner Bros. The deal requires the combined company to release at least 30 films annually, with penalties for non-compliance. The settlement aims to address antitrust concerns raised by state attorneys general and the Writers Guild of America.

Paramount Skydance reportedly settled an antitrust lawsuit with several states and the Writers Guild of America over its acquisition of Warner Bros Discovery, according to Bloomberg. The deal may include independent editorial boards for CBS and CNN, penalties for unmet film commitments, and a potential sale of Miramax stake. A final agreement is expected before October 1, avoiding a 'ticking fee' to Warner Bros Discovery shareholders.

Paramount has settled an antitrust lawsuit, removing the last obstacle to its $81 billion acquisition of Warner Bros. Discovery (WBD). The deal includes concessions such as CNN guardrails and financial penalties. Paramount shares rose 9%, and WBD gained 10%, trading at $30.50. The acquisition is valued at $31 per share for WBD stockholders.

Paramount settled with 12 state attorneys general, clearing the way for its $111 billion merger with Warner Bros. Discovery. The deal avoids a $7 million daily fee and a 2027 trial. The states had argued the merger would reduce competition, while Paramount claims it will boost content and competitiveness. The settlement follows strategic maneuvers by David Ellison.

Paramount Skydance settled with 12 U.S. states, including California, over its $110B acquisition of Warner Bros Discovery. The settlement includes independent editorial boards for CNN and CBS, and a $30M penalty per film if fewer than 30 movies are released annually. This clears a major hurdle for the merger, which would combine major film studios, streaming services, and cable-news operations. The deal still requires final approval.