Paramount settles antitrust suit to clear $111bn WBD merger

Paramount is in talks to settle an antitrust lawsuit brought by a dozen Democratic state attorneys general, a move that would clear the path for its $111 billion tie-up with Warner Bros. Discovery. The states had argued the merger would harm competition in the media landscape, but a settlement would remove the last major legal obstacle to one of the biggest media consolidations in years. No terms of the proposed settlement have been disclosed.