California cancels talks with Paramount over Warner Bros merger, NYT reports
Bonta said Paramount leaked settlement details and misrepresented talks as state attorneys general pressed for structural remedies in the antitrust case.
- On Monday, California Attorney General Rob Bonta canceled the scheduled mediation meeting with Paramount regarding the $111 billion Warner Bros Discovery acquisition, citing the company's bad faith in leaking settlement details.
- A 12-state coalition led by Bonta challenges the merger, arguing consolidation would grant the company excessive power across cable television and movie production.
- Demanding "structural remedies," the coalition seeks asset sales, while Paramount faces a $7 million daily "ticking fee" if the merger fails to close by Oct. 1.
- Bonta accused Paramount leadership of "demonstrating a lack of good faith" regarding leaked discussions, yet left the door open for future meetings, stating his office is "happy to meet again."
- The parties remain deadlocked as they approach an antitrust trial scheduled for March 2027, with Paramount reportedly threatening to relocate its headquarters from California if the legal challenge forces the deal to trial.
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California cancels talks with Paramount over Warner Bros deal | Honolulu Star-Advertiser
California Attorney General Rob Bonta canceled a meeting with Paramount Skydance representatives scheduled for today to begin settlement talks over the state’s lawsuit seeking to block Paramount’s proposed $110 billion acquisition of Warner Bros Discovery, his office said.
The Korea Times
Breaking NewsCalifornia cancels talks with Paramount over Warner Bros deal
California Attorney General Rob Bonta canceled a meeting with Paramount Skydance representatives scheduled for Monday to begin settlement acquisition of Warner Bros Discovery, his office talks over the state's lawsuit seeking to block Paramount's proposed said. Paramount has pushed for a settlement in the case, as it faces a mountain of fees and costs to keep the deal together if the lawsuit continues to a trial scheduled for March. Bonta and hi…
California Attorney General Rob Bonta cancelled the planned conversations with Paramount Skydance executives regarding the lawsuit that is blocking the studio's attempt to merge with Warner Bros. Discovery. Exclusive subject matter for subscribers. To have full access, access the subject link and register.
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