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Susan Li reports that Paramount Skydance has reached a settlement with California and other states seeking to block its proposed acquisition of Warner Bros. Discovery Inc.
The settlement, according to a person familiar with the matter, addresses lawsuits filed by these states to stop the acquisition.
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Susan Li has previously reported on high-profile technology deals, including Nvidia's agreement to acquire Hugging Face for $12.9 billion. She has also covered monetary policy developments after inflation data led traders to see a 90% chance of a U.S. Federal Reserve rate hike. Her reports track key moves across both corporate and macroeconomic landscapes.