Paramount Skydance can proceed with its acquisition of Warner Bros. Discovery after U.S. District Court Judge Araceli Martínez-Olguín approved a settlement with a California-led group of 12 state attorneys general that had challenged the merger on antitrust grounds. The latest account values the transaction at $111 billion and says it could close by early next month, while earlier reports cited valuations of $81 billion and $110 billion. The five-year consent decree requires annual theatrical releases, an additional $1.5 billion for domestic film production, worker protections, newsroom oversight at CBS News and CNN, and preservation of Paramount's Melrose Avenue campus and the Warner Bros. lot in Burbank. The deal would bring HBO, CNN, TBS, HGTV and Warner Bros.' film and television assets into the Ellison family's media portfolio.