Paramount-Warner Bros. Discovery Merger Clears Regulatory Path Following State and Guild Settlements
Developing story first seen 17 minutes ago
David Ellison's Paramount Skydance has resolved the primary legal obstacles to its proposed merger with Warner Bros. Discovery through settlements with 12 state attorneys general who had filed antitrust litigation. The agreements resolve regulatory concerns that have created uncertainty for the transaction over the past year, despite opposition from activist groups and public figures including actor Mark Ruffalo. Ellison now anticipates finalising the deal within approximately two weeks, contingent on completing the settlement terms.
The Writers Guild of America independently settled its own antitrust lawsuit against the merger, securing a five-year guarantee against writer layoffs at CBS News Broadcast and $17.5 million for its health fund. The guild opted to settle after the state attorneys general reached their agreement, determining that sustaining independent litigation would be financially unsustainable. With both regulatory and labour disputes resolved, the merged entity can proceed to integration planning, though the transaction remains subject to formal completion of agreed settlement conditions.
- Paramount settles with 12 state AGs over antitrust concerns; merger expected to close within two weeks
- WGA secures five-year job guarantee at CBS News and $17.5M health fund allocation in separate settlement
- Removal of legal and labour obstacles clears path for integration planning
Coverage
- Variety — Paramount-Warner merger clears antitrust hurdle amid mixed Hollywood response
- Variety — Paramount chief expects proposed Warner Bros Discovery merger to close within weeks
- Deadline — WGA Gets No Writer Layoffs At CBS News, $17.5M For Health Fund As Guild Confirms Settlement Of Lawsuit Against Paramount-WBD Merger