Paramount Settles Antitrust Case With State AGs, Removing Obstacle to Warner Bros. Deal

Paramount has reached a deal with 12 state attorneys general that removes a major obstacle to closing its acquisition of Warner Bros. Discovery, according to reports in Bloomberg and the Wall Street Journal. The deal comes just before the company was to begin accruing a $7 million daily “ticking fee” on Oct. 1, which was […] Paramount has reached a deal with California Attorney General Rob Bonta and 11 other state A.G.s that clears a major obstacle acquiring Warner Bros. Paramount has reached a deal with 12 state attorneys general that removes a major obstacle to closing its acquisition of Warner Bros. Discovery. The deal comes just before the company was to begin accruing a $7 million daily “ticking fee” on Oct.

1, which was seen as an important milestone in the case. Bloomberg was first to report the news, followed by the Wall Street Journal. A source also confirmed to Variety that a deal is done. The merger was on hold pending the outcome of the states’ antitrust lawsuit, which was set for a trial on March 2, 2027. The $111 billion merger is the largest in Hollywood history. Details of the agreement have yet to be made public. An official announcement is expected to come later