California has reached a settlement with Paramount Skydance allowing the $111 billion Paramount-Warner Bros. Discovery merger to proceed, with behavioral remedies instead of blocking the deal. Four other states previously opposing the merger terms also conceded, drawing sharp criticism from media advocates and former FTC chair Lina Khan.
Background
The Paramount-Warner Bros. Discovery merger represents one of the largest media consolidation deals in recent history, raising significant antitrust concerns about market concentration in entertainment and journalism. Multiple states had filed lawsuits seeking to block the deal entirely.
- Source
- Ars Technica
- Published
- Sep 22, 2026 at 12:15 AM
- Score
- 7.0 / 10