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Politicians and rank-and-file workers who feared a Paramount-Warner Bros. Discovery deal now hope concessions will soften the impact.

California Attorney General Rob Bonta joins The Lead.

Key Stats for Warner Bros Discovery StockPrice change for Warner Bros Discovery stock: 12%$WBD Stock Price as of Sep. 22: $3152-Week High: $31$WBD Stock Price Target: $30What Happened?Warner Bros Discovery (WBD) shares surged more than 12% on Monday after Paramount Skydance settled a major legal battle standing in the way of its $110 billion acquisition of the company.

Both Paramount and Warner Bros. jumped on Monday after settling an antitrust lawsuit that could have blocked the merger.

With an antitrust lawsuit now settled, the controversial Hollywood megamerger is now likely to proceed quickly. Here’s what to expect.

Paramount Skydance Corp.’s (NASDAQ:PSKY) $110 billion acquisition of Warner Bros. Discovery, Inc. (NASDAQ:WBD) has cleared a major legal hurdle after the company reached a settlement with a coalition of U.S. states and the Writers Guild of America. Paramount Warner Bros. Discovery Merger Clears Antitrust Fight The settlement on Monday allows the merger to move forward while requiring Paramount to accept several conditions aimed at addressing concerns over competition, jobs and media concentratio

Shares of Warner Bros. Discovery rallied after Paramount Skydance reached a settlement paving the way for the media giants’ mega-merger.

Paramount Skydance (PSKY) has settled its antitrust lawsuit from several state attorneys general over its merger with Warner Bros. Discovery (WBD), as reported by the Wall Street Journal. Morningstar senior equity analyst Matthew Dolgin discusses what this means for Paramount's path forward in closing this deal.

Paramount Skydance is attempting to acquire Warner Bros. Discovery in a deal that would shake up the entire media sector.

A landmark multi-state settlement clears regulatory hurdles, setting the stage for one of Hollywood's largest media mergers in history.

Skydance-owned Paramount reached a settlement Monday with a group of state attorneys general that had sued to challenge the company’s buyout of Warner Bros. Discovery, effectively paving the way for the mega merger to move forward, a person familiar with the matter told the AP. Details of the settlement with the states were not immediately available, but were expected to be revealed later in the day. Paramount said the allegations were meritless, but previously agreed to delay its transaction well into next year so the case could make its way through court.

States including California and New York sued over concerns of ‘extinguishing competition’ with $81bn merger

California and other states challenged the proposed merger in July, describing it as creating a "media behemoth" if realized.

Paramount Skydance has cleared the last major hurdle to its acquisition of Warner Bros. Discovery by reaching a settlement with California and 11 other states that sued over antitrust concerns. A settlement would remove a key obstacle for the $110 billion megamerger of the two entertainment giants. Warners Bros. Discovery stock surged 10% to $30.57 on the reports, erasing all its losses for the year.

Paramount has reached a settlement with a group of US states that clears the way for its takeover of Warner Bros.Paramount, which is run by David Ellison, whose ultra-wealthy family has ties to US President Donald Trump, won a bidding war in February for control of a stable of assets, including Warner Bros.

All three major US stock indexes were up in late-morning trading Monday, as oil prices and Treasury

With the agreement, California Atty. General Rob Bonta and his coalition plan to withdraw historic lawsuit that aimed to derail the $111-billion deal.

Warner Bros. and Paramount stock rallied on reports that Paramount's talks with California officials have been finalized

Warner Bros. and Paramount stock rallied on reports that Paramount's talks with California officials have been finalized

Media Stocks Jump as Paramount Seeks Breakthrough in Merger Fight

Shares of Paramount (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD) rose in premarket trading on Monday after The Wall Street Journal reported progress in negotiations aimed at resolving legal opposition to their proposed $81 billion merger.

Investing.com -- Shares of Paramount and Warner Bros. Discovery climbed after the Wall Street Journal reported Sunday that Paramount and California’s attorney general have made progress in settlement talks over the company’s proposed $81 billion merger with Warner Bros.

Paramount executives and a coalition of states that sued to block its $81 billion merger with Warner Bros spent the weekend hashing out the details of a possible settlement. Among the concessions that have been discussed by Paramount and California's attorney general is a $1.

The company has discussed a series of concessions as part of advanced settlement talks with a coalition of state attorneys general, hoping to clear a path for its $81 billion Warner Bros. deal.

Critics of the $111-billion Paramount acquisition of Warner Bros. urged California Atty. Gen. Bonta and other state attorneys general to disregard pressure to reach a settlement.

A resolution would allow David Ellison's $111-billion takeover of Warner Bros. Discovery to finalize

Paramount Skydance and Warner Bros. Discovery long-awaited merger has been at a standstill. Barclays analysts led by Kannan Venkateshwar resumed coverage of both stocks, rating Warner Bros at Equal Weight with a $28 price target and Paramount at Underweight with a $8 price target. Venkateshwar said in a research note Thursday that while the proposed $110 billion merger could increase growth potential for the studios, it could introduce massive financial and operational risks that make the stock hard to value, and “a moving target.”

Barclays sees streaming and studio growth potential in the Paramount-Warner deal but flags execution, deleveraging, and potential restructuring challenges as legal hurdles remain.

Beginning Oct. 14, the two sides will try to reach a deal that will allow the massive merger to advance.

A 'leaked' study paints a grim picture for L.A. if Paramount fails to merge with Warner Bros. Here's why you shouldn't trust it.