Newsom Prefers Paramount-Warner Bros Settlement If It's a Good Deal

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California Governor Gavin Newsom said he would prefer a settlement of the state attorney general's lawsuit opposing Paramount Skydance Corporation's $110 billion acquisition of Warner Bros. Discovery, Inc. "if it's a good deal," according to a Bloomberg report on August 22, 2026. Newsom expressed concern about the state's reputation and noted the process is unfolding in real time. The deal has cleared roughly 68 jurisdictions globally, and Paramount's board has approved a potential relocation out of California as early as October 1 amid the litigation. Bloomberg also reported that Paramount has acknowledged considering a range of options, including structural changes to the deal, to settle the lawsuits brought by a coalition of states led by California.

Impact on stocks 5

Communication Services▲ · 2 stocks
Warner Bros Discovery Inc
WBD
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A preferred settlement of the state lawsuit would clear the path for Paramount's $110B acquisition of Warner Bros. Discovery.

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