Paramount Skydance reached a settlement with California and 11 other states that had sued to stop its $110 billion acquisition of Warner Bros Discovery, California attorney general announced, paving the way for one of the largest media mergers in history ▻ ↧ Paramount wins Warner Bros takeover after settling states, union la... The settlement includes the creation of independent editorial boards ‌for CNN and CBS, and a $30 million penalty per film for any shortfall against Paramount's pledge to release 30 movies annually.