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The Economic Times
The Economic Times
National

Paramount Skydance settles with 12 states, clearing hurdle to $110 billion Warner Bros deal

Paramount Warner Bros Paramount Skydance CNN Warner Bros Discovery CBS California

Paramount Skydance has settled with California and 11 other states that sued to block its $110 billion acquisition of Warner Bros Discovery, a source familiar with the matter said on Monday, clearing one of the last hurdles to a deal that would reshape Hollywood.

The settlement includes the creation of independent editorial boards for CNN and CBS, the source said, a move aimed at safeguarding the independence of their news operations under the combined company.

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