Paramount settles lawsuits with 12 US states, clearing way for Warner merger

Though the merger was approved by the justice department in June, a coalition of 12 states led by California filed a lawsuit to block it in July. Composite: AP, Bauer Griffin/GC Images Though the merger was approved by the justice department in June, a coalition of 12 states led by California filed a lawsuit to block it in July. Composite: AP, Bauer Griffin/GC Images Business Paramount settles lawsuits with 12 US states, clearing way for Warner merger States including California and New York sued over concerns of ‘extinguishing competition’ with $81bn merger

Prefer the Guardian on Google Paramount has reached a settlement with California and several other states that sued over a proposed $81bn merger with Warner Bros Discovery ( WBD ), the California attorney general announced Monday, clearing the way to consolidate some of Hollywood’s most recognizable TV networks and studios under one owner.