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Paramount reaches settlement with California’s Rob Bonta to clear Warner Bros. merger: sources
Paramount reached a settlement with California Attorney General Rob Bonta over a multi-state antitrust lawsuit, clearing the way for its $81 billion Warner Bros. Discovery merger, sources said. The reported terms include releasing 30 films a year, a multiyear commitment to remain in California, and independent editorial boards for CBS News and CNN. Shares of Paramount and Warner Bros. Discovery jumped after reports that advanced settlement talks succeeded.


