Paramount makes concessions to salvage $111 billion Warner Bros. Discovery deal

Paramount's owners have made a series of concessions to a coalition of 12 Democratic state attorneys general to resolve a lawsuit that endangered the media company's $111 billion takeover bid of its larger Hollywood rival, Warner Bros. Discovery, according to a person with knowledge of the arrangement.

The person who confirmed the deal spoke on condition of anonymity because the company and the attorneys general have not yet publicly released any information on it.