Paramount settles lawsuit blocking $110 billion Warner Bros. merger

Paramount has reached a colony with California and the 11 different states that sued to artifact its planned $110 cardinal acquisition of Warner Bros. Discovery. The colony removes a large roadblock lasting successful the mode of the monolithic media merger.

Paramount Chairman & CEO David Ellison:

We are grateful to Attorney General Bonta and his chap AGs, arsenic good arsenic the WGA, for engaging successful bully religion to find a way guardant to a solution that serves each parties, and to Governor Newsom for his enactment passim this process. Our shared purpose was an result that champion serves consumers, workers and - astir importantly - the originative assemblage truthful vi …

Read the afloat communicative astatine The Verge.