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Paramount surges 7% pre-market! Plans to spend $1.5 billion to secure California's approval, potentially clearing obstacles for its $81 billion Warner merger.

Paramount surges 7% pre-market! Plans to spend $1.5 billion to secure California's approval, potentially clearing obstacles for its $81 billion Warner merger.

Paramount and Warner Bros.' proposed $81 billion merger is seeking to settle an antitrust lawsuit in California. Paramount and California Attorney General Rob Bonta recently began negotiations on a potential settlement, which includes a commitment to invest $1.5 billion in film and television production in California. Following the
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