Paramount and state AGs will settle lawsuit, allowing Warner Bros. merger to proceed, reports say

Paramount Skydance's $110 billion merger with Warner Bros. Discovery will move forward as the company plans to settle with a group of state attorneys general that sought to block the deal on antitrust grounds, multiple reports Monday said. The lawsuit, brought by a group led by California's Rob Bonta, was previously set to head to trial in March and would have left the deal in limbo through mid-2027. Spokespeople for Paramount and Bonta did not immediately respond to requests for comment. The acquisition would bring together two storied film studios, Paramount and Warner Bros. Discovery; a portfolio of TV networks; broadcast network CBS; and two popular streaming services in Paramount+ and HBO Max. The deal previously won approval from U.S.