California cancels talks with Paramount over Warner Bros merger, NYT reports
- California Attorney General Rob Bonta canceled a planned mediation with Paramount regarding its $111 billion merger with Warner Bros. Discovery, accusing Paramount of leaking and misrepresenting confidential settlement talks and playing games with the process.
- Bonta leads a coalition of 12 states challenging the merger, arguing it would create excessive control over cable television and film production.
- Paramount CEO David Ellison threatened to move Paramount out of California if a settlement is not reached, prompting political pressure from California officials to preserve local production jobs.
- Bonta remains open to resuming settlement talks if Paramount sincerely engages; Paramount denies leaking confidential information and expresses readiness to continue discussions.
128 Articles
128 Articles
Channel News Asia
PressNewsAgencyCalifornia AG says no settlement talks scheduled with Paramount
LOS ANGELES Aug 25 : California Attorney General Rob Bonta said on Tuesday there are no settlement talks scheduled with Paramount Skydance to resolve the antitrust suit seeking to block the studio's proposed $110 billion acquisition of Warner Bros Discovery.Bonta said he canceled a scheduled Monday meeting af
The New Republic
rootsaction.orgWhat the Hell Are Karen Bass, Xavier Becerra, and Gavin Newsom Doing?
Twelve Democratic attorneys general, including California’s Rob Bonta, filed a lawsuit last month to block the acquisition of Warner Bros. Discovery Inc. by Paramount Skydance Corporation. Trying to force Bonta and the other attorneys general to drop the lawsuit, Paramount is threatening to move its operations out of the state of California. So now prominent Democrats, most notably Los Angeles Mayor Karen Bass, gubernatorial candidate Xavier Bec…
California calls off Paramount settlement meeting over leak
Pressure is growing on Paramount to secure its merger with Warner Bros. Discovery, but settlement talks face hurdles. Paramount has encountered another setback in its $110bn acquisition of Warner Bros. Discovery after California Attorney General Rob Bonta cancelled a planned settlement meeting. Scheduled for 24 August, the meeting followed talks between the two sides on Friday, but Bonta accused Paramount of leaking and misrepresenting details o…
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