California Attorney General Rob Bonta canceled a scheduled meeting with representatives from Paramount and Skydance, citing a perceived lack of good faith negotiations. The meeting, planned for Monday, concerned the state’s lawsuit seeking to block David Ellison’s proposed $111 billion acquisition of Warner Bros. Discovery. Bonta’s office did not specify what prompted the cancellation, but indicated dissatisfaction with the approach taken by Paramount’s representatives.
Left-leaning and right-leaning outlets both reported the cancellation, framing it as an abrupt move by the Attorney General. No sources detailed the specific points of contention leading to the breakdown in communication. The lawsuit alleges that the acquisition would violate California’s antitrust laws. The cancellation of the meeting casts uncertainty on the possibility of a negotiated settlement, leaving the future of the deal in question and the legal battle poised to continue. It is currently unknown whether Bonta intends to pursue further discussions with Paramount.
Read the original coverage
💬 Comments
📜 Comment Policy