Paramount reaches settlement with Californias Rob…
Paramount has reached a settlement with California Attorney General Rob Bonta over a multi-state antitrust lawsuit, paving the best way for its large $81 billion Warner Bros. Discovery merger, according to sources.
By roughly 10:20 a.m. ET, shares in Paramount and Warner Bros. Discovery jumped 6.6% and 9.8%, respectively, after reviews that superior settlement talks over the weekend had been profitable.
The settlement phrases embody a dedication to release 30 motion pictures a 12 months; a multiyear pledge to stay in California, after beforehand threatening to exit; and impartial…
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