Gavin Newsom Insists He Didn’t Pressure Rob Bonta Into Paramount Settlement
The California governor applauds his state attorney general for getting the work done "at the boardroom, not the courtroom" The post Gavin Newsom Insists He Didn’t Pressure Rob Bonta Into Paramount Settlement appeared first on TheWrap .
California Governor Gavin Newsom has denied allegations that he pressured Attorney General Rob Bonta into settling with Paramount over the $110 billion Warner Bros. Discovery merger. Newsom told Axios that he consistently advocated for Bonta to focus on resolving the matter in the boardroom rather than in court, and that the settlement framework was amplified by Newsom's team.
The settlement, agreed upon by Bonta and 11 other state Attorneys General, allows the merger to proceed within the next two weeks, with Paramount committing to a minimum annual investment in domestic production and other commitments to maintain competition and keep studio lots in California.
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