Paramount has settled a lawsuit brought by US states over its proposed $110bn merger with Warner Bros, helping to clear a legal path for the transaction.
The states had challenged the merger in court. The settlement means the dispute has been resolved, although the supplied information does not give details of the agreement or identify the states involved.
The proposed combination of Paramount and Warner Bros is valued at $110bn. The settlement removes one reported obstacle to the deal, but no further information is provided about the merger’s timetable, remaining approvals or next steps.
The latest known position is that Paramount and the US states have reached an agreement, allowing the merger process to move forward.
