Paramount has reached a settlement in the 12-state antitrust suit, clearing the path for its proposed $111 billion Warner Bros. Discovery merger.

Paramount reached an agreement to resolve an antitrust lawsuit that had been delaying its $111 billion acquisition of Warner Bros. Discovery, eliminating the last significant barrier to the creation o...

David Ellison, Paramount’s chief executive, said he was “grateful” for a “path forward” after reaching an agreement to resolve an antitrust lawsuit and move ahead with its $111 billion acquisition of ...