nytimes.com

California AG Cancels Meeting on Paramount–Warner Bros Deal Settlement

Paramount Skydance logoParamount Skydance
Sig4.38Sen-5.83Env0.00Soc-0.19Gov-6.55
Warner Bros. Discovery logoWarner Bros. Discovery
Sig3.62Sen-3.56Env0.00Soc-0.14Gov-2.88

California’s attorney general canceled a scheduled meeting with Paramount representatives to begin settlement discussions over the state’s lawsuit challenging Paramount’s proposed acquisition of Warner Bros. Discovery. Rob Bonta accused Paramount of acting in bad faith and said only sincere engagement could reopen talks. California and 12 other AGs allege the deal would create outsize market power, with structural remedies likely required.

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