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Paramount in advanced talks with California AG

WSJ says Paramount is in advanced settlement talks with California officials to resolve the antitrust lawsuit blocking its $81 billion Warner Bros. Discovery acquisition deal.

PARA

Paramount is in advanced settlement talks with California officials seeking to resolve the antitrust lawsuit blocking the company’s $81 billion deal to acquire rival Warner Bros. Discovery, according to people familiar with the matter. The matter involves a dozen Democratic-led states.