California Attorney General Cancels Paramount Settlement Talks Over $111 Billion Warner Bros. Discovery Deal, Says He’ll Meet When They ‘Stop Playing Games’
California Attorney General Rob Bonta has canceled planned settlement talks with Paramount over the state’s lawsuit seeking to block David Ellison’s proposed $111 billion acquisition of Warner Bros. Discovery, accusing Paramount of acting in bad faith, according to The New York Times. Bonta is leading a coalition of 12 states in challenging the proposed merger and asking […]
California Attorney General Rob Bonta has indicated that settlement talks for the Warner Bros. merger could commence this week, contingent upon Paramount Paramount ceasing leaks and misrepresentations regarding the discussions. During an interview with TheWrap, Bonta emphasized the importance of adhering to settlement negotiation rules, expressing disappointment in Paramount's behavior.
Paramount denied the leaks and reiterated their commitment to transparent discussions. Bonta reiterated his willingness to engage in good faith talks but stressed the need for Paramount to address the leaks promptly. The merger is set to close by March 4, 2027, but is subject to a potential extension to June 4, 2027.
Written by urgent.news from TheWrap's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
