Paramount has finalized an agreement with a coalition of 12 state attorneys general to settle an ongoing antitrust legal challenge. The resolution successfully clears a significant regulatory hurdle that had threatened to impede the company's planned acquisition of Warner Bros. Discovery.
The settlement was reached just ahead of an October 1 deadline, which would have triggered a financial penalty requiring Paramount to accrue a daily ticking fee of $7 million. Additional information regarding the terms of the settlement and the progression of the transaction is anticipated as the story develops.
