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Warner Bros, Paramount Jump On Settlement Talks With California AG

Warner Bros, Paramount Jump On Settlement Talks With California AG Shares of Warner Bros. (WBD) are up 7% and Paramount Skydance (PSKY) gains 6% after the WSJ reported Friday that Paramount was in advanced settlement talks with the California AG Rob Bonta aimed at settling the California-led antitrust lawsuit that would block the company's proposed merger with Warner Bros. Discovery. According to the report the two sides met over the weekend and discussed several potential concessions including $1.5bn investment by Paramount for production in California Maintain both studio lots & stay in California Potential sale...
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