California Attorney General Rob Bonta has settled an antitrust lawsuit that sought to block Paramount from acquiring Warner Bros. Discovery. The settlement removes a major legal obstacle for Paramount, which is led by David Ellison and backed by his father, Larry Ellison. The Ellisons had pursued the $110 billion deal for a year, leveraging their vast wealth and connections to the Trump White House. The agreement effectively gives the Ellisons the go-ahead to finalize the acquisition.
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