Paramount & AGs Settlement Meeting Monday More Show Than Substance As Cable Channel Sell-Offs & Curbing Ellison’s Power Put On The Table
EXCLUSIVE: A meeting Monday between Paramount brass and state Attorneys General over sussing out settlement talks between the parties in David Ellison’s contested $111 billion acquisition of Warner Bros Discovery has turned into a “game of PR chicken,” an industry insider says. “Ellison and Makan Delrahim think they can force Rob Bonta into backing off […]
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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