Paramount has settled an antitrust lawsuit with US states to advance its $110 billion Warner Bros. Discovery acquisition by agreeing to strict production and news oversight terms.

Paramount Skydance extended its cash tender and note-exchange offer deadlines to September 4, 2026, aligning with its Warner Bros. Discovery merger timeline.

Twelve state attorneys general have filed an antitrust lawsuit seeking to freeze the $111 billion merger between Paramount, Skydance, and Warner Bros. Discovery. The complaint alleges the deal would concentrate excessive market control over theatrical films and basic-cable licensing.