Paramount reaches deal with states to settle their case challenging Warner buyout, AP source says

Paramount has reportedly reached a settlement with a group of 12 state attorneys general who had filed a lawsuit challenging the company's acquisition of Warner Bros. Discovery. The agreement removes a significant legal hurdle, clearing the path for the major media transaction to move forward.

While the exact financial valuation of the mega-merger varies across source reports—cited variously as $110 billion and $81 billion—the consensus among reports indicates that the Skydance-backed Paramount and Warner Bros. Discovery merger is now positioned to proceed following the resolution of the state-level antitrust litigation.