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● LIVE Updated 1h ago · 16 sources tracked

Paramount, California AG office reportedly plan to meet Monday to discuss settling WBD lawsuit

California Attorney General Rob Bonta canceled scheduled settlement talks with Paramount Skydance regarding an antitrust lawsuit aimed at blocking a 110 billion dollar takeover of Warner Bros. Discovery. Bonta accused the company of leaking confidential details and operating in bad faith. Paramount Skydance denies leaking the discussions. Meanwhile, Iowa Attorney General Brenna Bird announced she is suing California and taking the matter to the Supreme Court, arguing that California cannot dictate what Americans stream or watch.

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What changed

Iowa Attorney General Brenna Bird announced a lawsuit against California to challenge the antitrust action in the Supreme Court.

Live updates

  1. California AG halts settlement talks with Paramount Skydance

    California Attorney General Rob Bonta canceled scheduled settlement talks with Paramount Skydance regarding an antitrust lawsuit aimed at blocking a 110 billion dollar takeover of Warner Bros. Discovery. Bonta accused the company of leaking confidential details and operating in bad faith. Paramount Skydance denies leaking the discussions. Meanwhile, Iowa Attorney General Brenna Bird announced she is suing California and taking the matter to the Supreme Court, arguing that California cannot dictate what Americans stream or watch.

    Why it matters

    The antitrust suit seeks to block the merger between Paramount and Warner Bros. Discovery. This legal battle now involves multiple state attorneys general with conflicting views on market competition and consumer choice.

    What is confirmed

    • California Attorney General Rob Bonta canceled settlement talks with Paramount Skydance.
    • The antitrust lawsuit seeks to block Paramount's 110 billion dollar takeover of Warner Bros. Discovery.
    • Iowa Attorney General Brenna Bird is suing California over the Paramount-Warner Bros. lawsuit.

    Still unconfirmed

    • Paramount Skydance leaked confidential settlement details to the press.
    • Paramount Skydance did not leak the discussions.

    What to watch next

    • Supreme Court ruling on Iowa's challenge to California's lawsuit
    • Resumption of settlement negotiations between Bonta and Paramount Skydance
    • Court filings detailing the specific antitrust claims against the merger
    Sources used for this update (4)
    1. eu.usatoday.com — California cancels potential settlement talks with Paramount
    2. www.aol.com — California AG says no settlement talks scheduled with Paramount
    3. www.thewrap.com — Iowa State AG Says She’s Taking California’s Rob Bonta to Supreme Court Over Paramount Lawsuit
    4. variety.com — Iowa Attorney General Says She’s Taking California to the Supreme Court Over Paramount-Warner Bros. Lawsuit
    confidence 100%

  2. California Attorney General cancels settlement talks with Paramount

    California Attorney General Rob Bonta canceled a Monday meeting with Paramount Skydance intended to discuss settling an antitrust lawsuit. Bonta accused the company of playing games, operating in bad faith, and leaking confidential settlement details to the press. Paramount Skydance issued a statement denying that it leaked the discussions. The cancellation halts preliminary negotiations regarding Paramount's planned 110 billion dollar takeover of Warner Bros. Discovery.

    Why it matters

    A coalition of 12 states is currently attempting to block the merger on antitrust grounds. The planned acquisition would combine two major media entities into a single corporate structure.

    What is confirmed

    • California Attorney General Rob Bonta canceled a Monday meeting with Paramount Skydance.
    • The meeting concerned a potential settlement for an antitrust lawsuit regarding Paramount's 110 billion dollar takeover of Warner Bros. Discovery.
    • Bonta accused Paramount of leaking confidential discussions to the press.

    Still unconfirmed

    • Paramount operated in bad faith during the process.
    • Paramount did not leak the discussions with the attorney general.

    What to watch next

    • Official response from the other 11 states involved in the antitrust lawsuit.
    • Rescheduling of settlement talks between Rob Bonta and Paramount Skydance.
    • Court filings regarding the progress of the antitrust litigation.
    Sources used for this update (6)
    1. www.cnn.com — California AG calls off Paramount settlement talks, accuses company of ‘playing games’
    2. variety.com — Paramount Says It Did Not Leak Discussions With California’s Attorney General to the Press
    3. consent.yahoo.com — California AG cancels Paramount meeting alleging ‘leak’ of settlement details
    4. www.nbcnews.com — California attorney general cancels talks with Paramount, accuses company of leaks
    5. www.avclub.com — Paramount can meet with California attorney general when it "stops playing games"
    6. townhall.com — What's Going on With California's War on the Paramount Warner Bros. Merger?
    confidence 95%

  3. Paramount and California officials to hold antitrust settlement talks Monday

    Paramount and California officials plan to meet Monday for preliminary talks to settle an antitrust lawsuit blocking its acquisition of Warner Bros. Discovery. The discussions involve representatives from Paramount and the California attorney general's office. These negotiations aim to resolve a legal fight involving 12 states that are attempting to stop the merger. The meeting follows reports that both parties are open to early settlement discussions to move the deal forward.

    Why it matters

    Attorney General Rob Bonta and 11 other states filed suit to prevent the merger. The deal is valued between $110 billion and $111 billion. A settlement would remove a major legal barrier to the consolidation of these media giants.

    What is confirmed

    • Paramount and California officials are expected to meet Monday for settlement talks.
    • The legal dispute concerns Paramount's acquisition of Warner Bros. Discovery.
    • California Attorney General Rob Bonta and 11 other states sued to block the merger.

    Still unconfirmed

    • The merger value is $111 billion.
    • The merger value is $110 billion.

    What to watch next

    • Statements from the 11 other state attorneys general regarding a potential settlement.
    Sources used for this update (8)
    1. Politico — California, Paramount reps expected to meet Monday in antitrust settlement talks
    2. The New York Times — Paramount and California to Hold Preliminary Talks on Warner Bros. Deal
    3. WSJ — Paramount Prepares to Begin Early Settlement Talks With California Officials
    4. CNN — Paramount and state AGs will head to negotiating table in WBD merger fight
    5. CNBC — Paramount, California AG office reportedly plan to meet Monday to discuss settling WBD lawsuit
    6. www.cnn.com — Paramount and state AGs will head to negotiating table in WBD merger fight
    7. nypost.com — Paramount to meet with California attorney general at high-stakes meeting over antitrust suit
    8. MyNewsLA.com — Paramount, California Reportedly to Meet Monday in Settlement Talks
    confidence 90%