GoKawiilParamount Skydance Settles State Lawsuit Over $110 Billion Warner Bros. Discovery Merger
Paramount Skydance reached a settlement with state attorneys general who had sued to block its $110 billion merger with Warner Bros. Discovery, avoiding a trial that was scheduled for next spring. As part of the deal, Paramount agreed to boost domestic production, follow certain theatrical release rules, and create a new board to oversee editorial independence at CBS News and CNN. CEO David Ellison told staff the company now expects to close the merger within about two weeks.
The lawsuit had threatened to delay the merger until mid-2027, potentially costing Paramount hundreds of millions in fees and prolonging uncertainty for shareholders and employees. Resolving it clears one of the last major obstacles to combining two of the biggest names in media and streaming, reshaping competition in entertainment and news.
- Paramount settled with state attorneys general over its Warner Bros. Discovery merger.
- The company agreed to production commitments and a new editorial oversight board for CBS and CNN.
- Ellison expects the $110 billion deal to close within roughly two weeks.
Source: cnbc.com — Cj Haddad, 2026-09-22
Published there as: “Nasdaq's new record, Paramount settles lawsuit, press pool suspends coverage and more in Morning Squawk”
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