California Attorney General Rob Bonta Cancels Planned Paramount Merger Meeting Over ‘Lack of Good Faith’
In a statement issued to the New York Times, Bonta accused Paramount of leaking details of a meeting the parties held last week.
Paramount's attempts to acquire Warner Bros. Discovery have been characterized by messy and dramatic behavior. The company snatched the company right from under Netflix, and recently threatened to choose Texas if California didn't accommodate them. This move reportedly alarmed Governor Gavin Newsom. However, California Attorney General Rob Bonta seems unperturbed by Paramount's antics.
In fact, Bonta canceled a previously scheduled meeting to discuss the corporation's behavior. He made it clear in a statement to The New York Times that "As soon as Paramount stops playing games and engages sincerely, my office is happy to meet again." A few weeks ago, Bonta joined several other state AGs in filing an antitrust lawsuit to block Paramount's acquisition of WBD.
Paramount, apparently, took advantage of this goodwill, leaking the details of settlement discussions and twisting them, which demonstrated a lack of good faith according to Bonta in an additional statement. The source notes that Paramount has not publicly commented as of yet, but it is anticipated to respond with a statement on how merging two companies into one is beneficial for consumers and workers.
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