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The broader consolidation of media assets continues to face regulatory scrutiny, yet the legal path for mega-deals is shifting toward behavioral constraints rather than outright blocks.
Against this backdrop, Paramount Skydance and the state of California have reportedly reached a settlement that clears the way for the $111 billion merger with Warner Bros.
The agreement, which is expected to be announced later today, resolves the lawsuit filed by California to challenge the transaction.
The Legal Resolution Bloomberg reported that the settlement talks concluded over the weekend after four other states that had opposed the terms of a deal outlined with California conceded.
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