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Paramount and the states have reached an agreement that averts a lengthy antitrust trial and clears the way for the Warner Bros. takeover, reducing the risk the deal would be pushed into mid-2027.
Paramount settled lawsuits brought by 12 US states Monday, paving the way for David Ellison’s $110 billion takeover of Warner Bros. Discovery. The states had argued that the acquisition would give Paramount too much control over the movie and cable TV industries. The deal provides certain editorial protections for CBS