Paramount settles lawsuit with US states, helping clear way for $110bn merger with Warner Bros

Paramount reaches settlement with states in $110bn Warner Bros merger – BBC NewsImage source, Getty ImagesImage caption, A coalition of states led by California had challenged the deal, raising concerns over competition across film and television.ByFrancisco VelasquezBusiness reporter, Reporting fromNew YorkParamount Skydance has settled a lawsuit with dozens of US states, removing a major hurdle to its $110bn (£82.8bn) merger with Warner Bros Discovery. California Attorney General Rob Bonta told a news conference that state officials agreed to terms after securing commitments to protect competition across film and television, and broadcasting.Still, “the settlement is not a vote of support for this merger,” Bonta said. “It is not a blessing of the broader merger.” David Ellison, the company’s chief, has threatened to move studio operations out of California. MediaUnited StatesCompetition lawCompaniesMergers and acquisitions