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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.

The $110 billion merger just cleared a major legal hurdle. Now the numbers matter.

Paramount Skydance is moving closer to completing its Warner Bros. Discovery deal, potentially removing a costly delay risk for the companies.

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The settlement of an antitrust lawsuit is clearing the way for a giant corporate deal that is poised to reshape Hollywood and the media and entertainment business. Paramount reached a settlement with state attorneys general from a dozen states, including California and New York, removing a major hurdle to its megamerger with Warner Bros. Discovery, my colleagues Jessica Toonkel and Paul Kiernan report.

WHATS NEWS BUSINESS FINANCE Paramount reached a settlement with state attorneys general that clears the way for its $81 billion merger with Warner Bros. Discovery that is poised to reshape Hollywood. Investors bid up the price of Meta Platform’s shares, setting the tone for Monday’s session, which saw the S&P 500, Nasdaq and Dow rise 1.

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

Investment in domestic production, quiet mediation from Gov. Gavin Newsom and the threat of relocating helped Paramount forge a settlement with state attorneys general.

Movie studio Paramount on Monday agreed to settle an antitrust lawsuit filed by 12 states, the last big obstacle blocking the company's $81 billion acquisition of Warner Bros. Discovery in a deal that would transform the movie industry landscape. In the settlement, which still needs to be approved by a judge, Paramount agreed to terms including a five-year movie production plan and to invest $1.5 billion in domestic movies. State attorneys general say the settlement guarantees investment in domestic movie production and provides worker protection.

Paramount Skydance (PSKY) has agreed to settle a multistate antitrust lawsuit involving its proposed

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

Paramount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.

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

Geetha Ranganathan, Bloomberg Intelligence analyst, joined Bloomberg's Paul Sweeney and Scarlet Fu to discuss the latest on the ongoing Paramount and Warner Bros. merger. The settlement talks between Paramount Skydance Corp. and California officials over the planned acquisition of Warner Bros. Discovery Inc. are said to include a financial penalty if the company fails to make good on a promise to distribute 30 films per year in theaters. Paramount would have to pay $30 million for each film that falls short of that goal, according to two people familiar with the discussions who asked to not be identified because the negotiations are private. It could also be forced to sell its stake in Miramax, the studio behind movies such as Pulp Fiction, if it fails to meet the target, one of the people said.

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 settled with California and 11 other states that sued to block its $110 billion acquisition of Warner Bros Discovery, a ‌source familiar with the matter said on Monday, clearing one of the last ‌hurdles to a deal that would reshape Hollywood. The settlement includes the creation of independent editorial boards for CNN and CBS, ​the source said, a move aimed at safeguarding the independence of their news operations under the combined company.

Paramount won’t have to sell cable channels under the $81 billion merger poised to reshape Hollywood.

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.

Antitrust settlement talks are reshuffling the media landscape in real time, sending two rival stocks surging for completely opposite reasons while their biggest streaming competitor barely flinches.

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

Both stocks jumped about 7% Monday morning after reports that Paramount Skydance and the California attorney general met to discuss a settlement.

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.