Cohere and Aleph Alpha have signed a definitive business combination agreement to create a transatlantic sovereign AI company. The unified entity will maintain dual headquarters in Toronto and Berlin, expand to over 1,000 employees, and operate under Canadian and German regulatory frameworks to address sovereignty requirements for governments and regulated industries.
Paramount settled its antitrust case with 12 state attorneys general led by California AG Rob Bonta, removing a major obstacle to its $111 billion acquisition of Warner Bros. Discovery, the largest merger in Hollywood history. The settlement, reached just before a $7 million daily fee was to begin accruing, does not require major divestitures despite Bonta's earlier insistence on structural remedies. The deal concludes litigation that had been set for trial in March 2027 and was also opposed by the Writers Guild of America.
State attorneys general led by California's Rob Bonta settled their antitrust lawsuit against Paramount's $110 billion acquisition of Warner Bros. Discovery, clearing the way for the merger to close in early October. In exchange, Paramount committed to releasing 30 films annually in theaters and establishing an editorial independence board for CBS News and CNN. The deal, involving Middle Eastern sovereign wealth funds and ties to President Trump, sparked political controversy over media concentration.
Paramount and Skydance will settle a lawsuit brought by state attorneys general seeking to block their $110 billion merger with Warner Bros. Discovery. The settlement includes independent editorial boards for CNN and CBS, and a $30 million penalty per film if Paramount fails to release 30 movies annually, allowing the deal to proceed.