On September 22, Paramount Skydance Corp rose 5.2% in regular trading, trading at $10.44/share, with turnover of $26.57 million. The stock surged after a wave of developments confirming the company's landmark merger with Warner Bros. Discovery has obtained full regulatory clearance.

Paramount Skydance reached a settlement with a coalition of 12 state attorneys general, resolving lawsuits that alleged the proposed merger would harm competition. The agreement includes a five-year court-enforceable commitment to increase film output, at least $1.5 billion in additional domestic film production spending, a $47.5 million fund for merger-impacted workers, and restrictions on cable fee negotiations. The company also agreed to establish editorial independence committees for CNN and CBS. Failure to meet annual film output requirements could trigger a forced divestiture of Miramax.

CEO Ellison stated in an internal memo that the Warner Bros. transaction is expected to close within approximately two weeks. Meanwhile, the company extended its tender and exchange offer deadlines to October 2. The settlement, pending court approval, effectively removes the last major obstacle for the approximately $110 billion deal, which had already secured FCC approval for foreign ownership above 25%.

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