Paramount reaches deal with states to settle case challenging Warner buyout: Source
A person familiar with the matter told The Associated Press that Skydance-owned Paramount has reached a settlement with a group of state attorney generals that had sued to challenge the company’s buyout of Warner Bros
Skydance-owned Paramount has settled a lawsuit brought by a coalition of state attorney generals, paving the way for the merger between Paramount and Warner Bros Discovery, according to a person familiar with the matter. The settlement, expected to be revealed later in the day, came after a group of states, including California and New York, sued to block the $81 billion merger in July.
The suit alleged that the merged entity would stifle competition and result in fewer choices for consumers, particularly movie theater and cable customers across the United States. The Writers Guild of America had also filed a complaint, and the challenge was set to go to trial in March.
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- Paramount clears the last major hurdle to buying Warner Bros. Discovery by settling the lawsuit brought by 12 states businessinsider.com
- Paramount Skydance reaches antitrust deal with states over Warner Bros. Discovery purchase cbsnews.com
- California settles lawsuit against Paramount/Warner merger, angering advocates arstechnica.com
- Paramount settles lawsuit blocking $110 billion Warner Bros. merger theverge.com
- Paramount settles lawsuit with US states, helping clear way for $110bn merger with Warner Bros bbc.co.uk
- Paramount makes concessions to salvage $111 billion Warner Bros. Discovery deal npr.org
- Paramount clears hurdle to $110bn Warner Bros merger after settlement news.sky.com
- Paramount settles antitrust suit, clears way for Warner deal torontosun.com
