Paramount settles lawsuit blocking $110 billion Warner Bros. merger

Paramount has reached a settlement with California and the 11 other states that sued to block its planned $110 billion acquisition of Warner Bros. The settlement removes a major roadblock standing in the way of the massive media merger. Paramount Chairman & CEO David Ellison: We are grateful to Attorney General Bonta and his fellow AGs, as well as the WGA, for engaging in good faith to find a path forward to a resolution that serves all parties, and to Governor Newsom for his support