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Paramount Skydance has reached an agreement with a coalition of twelve U.S. state attorneys general to proceed with the acquisition of Warner Bros. Discovery and its entertainment assets, including CNN and HBO, for over $110 billion. The deal ensures the company's headquarters remains in California and includes commitments such as creating independent editorial boards for CNN and CBS, as well as producing at least 30 films annually. This approval marks a significant consolidation in the entertainment industry, despite earlier opposition citing antitrust concerns from regulators and industry groups.
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