California cancels talks with Paramount over Warner Bros merger, NYT reports
- California Attorney General Rob Bonta canceled settlement talks with Paramount over its proposed over $110 billion merger with Warner Bros. Discovery, accusing Paramount of leaking and misrepresenting details from a preliminary meeting.
- The proposed merger threatens about 4,500 direct film and television jobs and over 3,200 additional jobs in the broader Los Angeles County economy, risking more than $4 billion in economic output.
- California awarded Paramount roughly $37.3 million in film and television tax credits shortly before the lawsuit, despite the legal disputes surrounding the merger.
- Paramount has threatened to relocate its headquarters out of California, favoring Tennessee or Texas, due to ongoing legal disputes and financial pressures from merger delays.
128 Articles
128 Articles
Channel News Asia
PressNewsAgencyCalifornia AG says no settlement talks scheduled with Paramount
LOS ANGELES Aug 25 : California Attorney General Rob Bonta said on Tuesday there are no settlement talks scheduled with Paramount Skydance to resolve the antitrust suit seeking to block the studio's proposed $110 billion acquisition of Warner Bros Discovery.Bonta said he canceled a scheduled Monday meeting af
The New Republic
rootsaction.orgWhat the Hell Are Karen Bass, Xavier Becerra, and Gavin Newsom Doing?
Twelve Democratic attorneys general, including California’s Rob Bonta, filed a lawsuit last month to block the acquisition of Warner Bros. Discovery Inc. by Paramount Skydance Corporation. Trying to force Bonta and the other attorneys general to drop the lawsuit, Paramount is threatening to move its operations out of the state of California. So now prominent Democrats, most notably Los Angeles Mayor Karen Bass, gubernatorial candidate Xavier Bec…
California calls off Paramount settlement meeting over leak
Pressure is growing on Paramount to secure its merger with Warner Bros. Discovery, but settlement talks face hurdles. Paramount has encountered another setback in its $110bn acquisition of Warner Bros. Discovery after California Attorney General Rob Bonta cancelled a planned settlement meeting. Scheduled for 24 August, the meeting followed talks between the two sides on Friday, but Bonta accused Paramount of leaking and misrepresenting details o…
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