Paramount says deal with US states, Writers Guild offers 'direct path to trial'
( July 24, 2026, 23:13 GMT | Official Statement) -- MLex Summary: Paramount Skydance said its agreement with several US states and the Writers Guild of America (WGA) "is a significant win because the result is exactly what we have sought from the outset: a direct path to a trial based on the evidence" about the company's acquisition of Warner Bros. Discovery. As part of the agreement, Paramount and Warner agreed to hold off on closing their transaction while legal challenges brought by US states and the WGA proceed in California federal court. "This is the fastest and clearest way to prove that this transaction is good for competition, good for consumers, and good for creators, a conclusion dozens of competition authorities around the world have already reached," Paramount said. Full statement follows. ...
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