Paramount reaches settlement to clear path for $110bn Warner Bros deal

Skydance-owned Paramount has reached a settlement with a group of state attorney generals who had filed lawsuits challenging the company's buyout of Warner Bros. This agreement clears the path for the $110bn deal. Under the terms, which may be announced today, the studio will not be required to divest assets and will maintain its operations in California. The settlement resolves the legal challenges brought by the states regarding the acquisition of the media entity.