One of the largest media mergers in history has been given the green light after California and 11 other states settled lawsuits Monday. For most of the year, Paramount Skydance has tried to purchase Warner Bros Discovery for a reported $110 billion, but those efforts were stalled over the summer.
Paramount and the states agreed to certain concessions to complete the deal, California’s attorney general Rob Bonta said at a news conference. Bonta led the coalition of states, plus a Hollywood writers union, that sued in July to stop the merger.
