Paramount settles with US states in big step towards closing Warner Bros merger

California AG Rob Bonta announced a settlement allowing Paramount's acquisition of Warner Bros. Discovery to proceed. The merger, expected to close by early October, combines major film/TV studios and streaming services. Paramount agreed to release 30 films annually in theaters and ensure editorial independence for CBS News and CNN. The deal expands the Ellison family's media ownership.

California AG Rob Bonta led a 12-state coalition to settle with Paramount, allowing its $110B merger with Warner Bros. to proceed. The deal includes protections for CNN's editorial independence, with a new board to oversee it. Paramount agreed to release 30 films yearly and invest $1.5B in U.S. film production over five years. The merger is expected to close in early October.

Paramount Skydance settled with 12 US states to proceed with its $110bn merger with Warner Bros Discovery. The settlement includes independent editorial boards for CNN and CBS, a $30m penalty for failing to produce 30 movies annually, and worker concessions. Both companies' stocks surged on the news, with Paramount up 10% and Warner Bros Discovery up 11%.

California and Paramount Skydance settled a lawsuit, allowing a $111 billion merger with Warner Bros. Discovery. The deal, confirmed by multiple sources, includes behavioral remedies and a financial penalty for Paramount. Critics argue it reduces competition and harms consumers. The combined company will have nearly $80 billion in debt. California AG Rob Bonta confirmed the settlement, which is now under court review.

Paramount Skydance settled a lawsuit from 12 states, clearing a path for its $110B acquisition of Warner Bros. Discovery. The deal may avoid selling cable networks and ensure editorial independence for CNN and CBS News. The merger, expected to close in two weeks, will combine Paramount+ (82M subscribers) and HBO Max (140M subscribers), creating a strong competitor in the streaming wars.

Paramount Skydance (PSKY) completed its $111B acquisition of Warner Bros. Discovery, with strict production targets and U.S. investment commitments. PSKY's P/S ratio is 0.7x, below industry averages, and its GF Score is 37, indicating weak financial strength and valuation. Institutional investors have trimmed positions, reflecting cautious sentiment.