NewzParamount and Skydance have reportedly reached a settlement in an antitrust lawsuit brought by California and several other states, clearing the path to complete a $111 billion merger with Warner Bros. Discovery.
The legal challenge involved a dozen states—including Arizona, California, Colorado, Connecticut, Massachusetts, and Minnesota—that had sought to block the consolidation.
The impending agreement, expected to be officially announced, has drawn sharp condemnation from media advocates and Democratic critics who oppose the massive media industry merger.
In-depth summary · AI, neutral