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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.

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.

The debt package includes $30 billion in investment-grade bonds, $7.5 billion in loans, and $12 billion in second-lien bonds

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

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

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.

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.

Sept 21 (Reuters) - Paramount Skydance has reached a settlement with California and other states suing to block its $110 billion merger with Warner Bros Discovery, Bloomberg News reported on Monday,

Paramount Skydance Corp. has reached a settlement with California and other states suing to block its proposed acquisition of Warner Bros. Discovery Inc., according to a person familiar with the matter.

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

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.

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.

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.”

California's attorney general is demanding more "structural concessions" on Paramount Skydance's (PSKY) mega-merger with media competitor Warner Bros. Discovery (WBD). The Morning Brief's Jake Conley sits down with Barron's senior markets analysis writer Paul La Monica and Infrastructure Capital Advisors CEO Jay Hatfield to talk about the debt weighing on this acquisition and what it could mean for Warner Bros. assets if regulators allow it to go through.

(Updates with additional details in the fourth and fifth paragraphs.) Paramount Skydance (PSKY) h

The company says every month of court-ordered delay costs it roughly $7 million a day in ticking fees owed to Warner Bros. Discovery shareholders

Paramount wants the states that are suing over the Warner Bros. Discovery deal to post a $1.9 billion bond. The states are scoffing at the idea.

The insider dumped a substantial portion of their direct holdings after the stock surged 130% over the past year.

On-location productions in Los Angeles held just 4,711 shoot days in Q2, according to industry group FilmLA, down 13% year-over-year.

Anna Cooban reports on the British government’s decision to clear Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery due to assurances on media diversity from the company.

(Update with Paramount's statement in the penultimate paragraph.) The UK's Competition and Market

The March start date means Paramount will owe more than $1 billion in daily penalties before a judge ever rules on the deal

Paramount CEO David Ellison said Tuesday that the legal battle over his proposed multibillion-dollar takeover of Warner Bros.Ellison's Paramount Skydance agreed late last month to delay its $110 billion merger with Warner Bros.