There’s a Deal: Paramount and States Settle Lawsuit Over Blockbuster Warner Bros. Discovery Merger

The deal allows Paramount to close the megamerger, which will create a powerhouse in entertainment and media. Paramount has reached a deal with 12 state attorneys general that removes a major obstacle to closing its acquisition of Warner Bros. Discovery, according to reports in Bloomberg and the Wall Street Journal.

The deal comes just before the company was to begin accruing a $7 million daily “ticking fee” on Oct.