Paramount, Warner Bros. shares rally on report of merger settlement agreement

Paramount has settled an antitrust lawsuit with 12 state attorneys general, clearing a major hurdle for its $111 billion acquisition of Warner Bros. Discovery. The deal avoids a $7 million daily fee starting Oct. 1 and a 2027 trial. Details are not yet public, but no major divestitures are required. The merger is the largest in Hollywood history, aiming to compete with streaming giants like Netflix and Amazon.

Paramount and California Attorney General Rob Bonta settled an antitrust lawsuit, clearing the way for Paramount's $111-billion acquisition of Warner Bros. Discovery. The deal requires Paramount to distribute 30 films annually and invest $1.5 billion in Hollywood production over five years. The merger, subject to court approval, will combine major film studios and streaming services, with Paramount taking on significant debt.

Paramount settled a lawsuit with 12 states over its $111B merger with Warner Bros. Discovery. Paramount agreed to concessions, including a board for CNN/CBS News independence, 30 annual theatrical releases, and $1.5B in film production over 5 years. The merger, valued at $31 per WBD share, includes a $2.8B payment to Netflix.

Warner Bros. Discovery (WBD) and Paramount Skydance (PSKY) shares rose over 9% and 7% respectively on news of advanced settlement talks with California Attorney General Rob Bonta's office regarding their $110 billion acquisition. The deal faces antitrust lawsuits from 12 states and the Writers Guild of America. A proposed settlement may include financial penalties and asset sales if certain conditions are not met. Paramount has threatened to leave Hollywood if the dispute is not resolved soon.

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.

Paramount settled a 12-state lawsuit over its Warner Bros. Discovery (WBD) acquisition, avoiding cable channel sales. The deal requires keeping Paramount's movie studio separate temporarily and creating an advisory board for CNN. The settlement clears the way for Paramount to assume ownership of WBD, including TNT Sports channels, by year-end. Details on sports divisions' future remain unclear.