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Paramount Discussed $1.5 Billion California Investment to Clear Merger Hurdle

The Wall Street Journal · Jessica Toonkel and Dana Mattioli · last updated

Company weighs series of concessions as part of advanced settlement talks with a coalition of state attorneys general, hoping to clear a path for its $81 billion Warner Bros. deal

California’s attorney general and Paramount have discussed a series of potential concessions as part of advanced settlement negotiations, including a $1.5 billion investment by the company in production in California, according to people familiar with the discussions.

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