Paramount settlement clears path for WB deal
The gist
Paramount Skydance settled with 12 state attorneys general, clearing its $110 billion Warner Bros. Discovery deal.
The merger would create one of the world's biggest TV and movie companies.
How it unfolded
- Sep 15, 2026 weekThe Federal Communications Commission approved a 49.5 percent foreign ownership stake in the deal, from Middle Eastern sovereign wealth funds.
- Sep 21, 2026Paramount Skydance reached a settlement with 12 state attorneys general who had sued to block its $110 billion acquisition of Warner Bros. Discovery, clearing the path for the deal. Settlement talks came together over the weekend after four states that had opposed terms outlined with California conceded.
- Sep 21, 2026About two dozen demonstrators gathered outside state offices in downtown Oakland to protest a potential settlement. An announcement about the deal was expected imminently, though a source said it was unlikely before Yom Kippur concluded Monday evening.