24 Hrs
Source:
Los Angeles Times
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California AG Bonta open to Warner Bros. talks
California Attorney General Rob Bonta reiterated his authority to oppose the proposed Paramount-Warner Bros. merger, which is currently stalled by an antitrust lawsuit led by a coalition of 12 states. Bonta emphasized that Paramount must make significant concessions, such as selling cable channels, to resolve the legal challenge, while criticizing the company's conduct during settlement negotiations. The merger, valued at $111 billion, faces legal obstacles and potential job losses in Hollywood, with recent court rulings supporting the lawsuit's case. Bonta remains open to future settlement talks if Paramount demonstrates sincerity and halts misleading leaks.
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