Bonta Cancels Paramount Settlement Meeting; CA AG Accuses Ellison Of “Playing Games” In WBD Merger Talks
There will be no settlement talks meeting Monday between Paramount and a coalition of state Attorneys General after all. California AG Rob Bonta cancelled the scheduled sit-down late Sunday after reports of an August 21 meeting with the David Ellison-led company oozed out. “Not only did Paramount leak the alleged substance of settlement discussions, but […]
California Attorney General Rob Bonta has terminated his Monday settlement meeting with Paramount, alleging the entertainment studio disclosed sensitive information about their upcoming negotiations and engaged in dishonest conduct. According to Bonta, "Paramount leaked the alleged substance of settlement discussions, but also misrepresented these discussions, showing a lack of good faith."
The attorney general expressed willingness to resume the meeting once Paramount demonstrates sincere engagement. Paramount representatives were set to meet with the California AG's office on Monday to discuss a potential settlement in Bonta's antitrust case aimed at halting the media conglomerate's acquisition of Warner Bros. Discovery by David Ellison's team.
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