Paramount and California A.G. Expected to Discuss Settlement on Monday
Cbnc
Paramount Skydance to meet California AG Monday to discuss antitrust settlement for $111B Warner Bros. Discovery merger.Summary
Paramount Skydance representatives are scheduled to meet with the California Attorney General's office on Monday to discuss a potential settlement in the states' antitrust lawsuit challenging the company's proposed $111 billion merger with Warner Bros. Discovery. The merger is currently on hold pending a March trial in federal court in Oakland. Attorney General Rob Bonta, leading a 12-state coalition, has expressed openness to settlement but stated Paramount has not yet offered sufficient structural remedies to address concerns that the merger would illegally reduce competition in theatrical distribution. A Paramount spokesperson declined to comment.
(Source：Cbnc)