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Paramount settles with California, other states, clearing major hurdle for Warner Bros merger, source says
Source: reuters.com
M&A & RestructuringLegal & LitigationRegulation & LegislationMedia & Entertainment
Paramount Skydance reached a settlement with California and other states that had sued to block its proposed $110 billion merger with Warner Bros. Discovery. The agreement removes a significant legal and regulatory obstacle for the transaction, improving the likelihood that the major media-industry consolidation can proceed.
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