Paramount Skydance’s proposed $110 billion acquisition of Warner Bros. Discovery is expected to proceed after the company agreed to settle an antitrust lawsuit brought by California and other states, according to multiple reports.
The lawsuit, led by California Attorney General Rob Bonta, had sought to block the transaction over concerns about competition in the film and pay-TV markets. A trial had been scheduled for March, potentially leaving the merger unresolved until 2027.
The merger delay had created significant financial pressure. Under the agreement, Paramount would have paid Warner Bros. shareholders an additional 25 cents per share every quarter after September 30 until closing.
The payments were estimated to add roughly $650 million in cash value each quarter. The settlement clears a major legal obstacle to the transaction.
Related Tweet:
Exclusive: Paramount has reached a settlement with California and other states suing to block its proposed acquisition of Warner Bros. https://t.co/ivo2gBjEQb
— Bloomberg (@business) September 21, 2026
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TIPP Staff
