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A coalition of Democratic states and Paramount reached a settlement in a lawsuit against its proposed $111 billion merger with Warner Bros. Discovery on Monday, paving the way for one of the largest media mergers in history — and a massive consolidation of power over a huge swath of the entertainment and news industries under the conservative billionaire Ellison family.

The antitrust lawsuit was the last major obstacle for the deal, which has already been blessed by the Trump administration. Attorneys general from 12 states had sued to block the merger, which leading California Attorney General Rob Bonta had called “unlawful,” amid a flurry of antitrust concerns from prominent Hollywood figures and press freedom groups. The Writers Guild of America’s (WGA) lawsuit against the merger was also settled on Monday, with the union saying that its members could not afford to continue the legal battle on their own.

The merger will grant widespread power to a company that would effectively control CNN; CBS News; and, in all, roughly 30 percent of wide-release theatrical film distribution and basic cable channel licensing. It amounts to roughly 20 percent of Americans’ television watching time — all conglomerated under the leadership of Paramount Skydance CEO David Ellison. David Ellison is a major ally to Trump and son of Oracle CEO Larry Ellison, who has personally donated millions to Israel’s military; Paramount had once dubiously suggested that opposition to the merger was a result of antisemitism.

David Ellison, who thanked California Gov. Gavin Newsom (D) in his statement celebrating the deal, has said that the merger is expected to go through in two weeks. Pro-Israel David Zaslav, the president of Warner Brothers Discovery — an entity that’s a conglomerate on its own, formed as a result of several other contentious mergers — is slated to receive $660 million from the merger, which would likely make him a billionaire.

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