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California cancels talks with Paramount over Warner Bros merger

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“We are eager to continue to make our case in court and celebrate another tremendous win in our effort to ensure this unlawful merger never sees the light of day.”

“Even if Paramount loses in District Court, this would accelerate the time frame for an appeal to the Ninth Circuit Court and potentially to the Supreme Court in 2027.”

“I think there’s probably a 60 percent chance that the merger gets blocked at this point.”

"49% of bettors expect Paramount to emerge as the winner."

"Kalshi contracts for the "Paramount" outcome decreased by 15 percentage points to an implied probability of 65%. "

“Ultimately, we believe Paramount Skydance remains the most likely to succeed in acquiring WBD.”

“We are confident this transaction raises no such concerns, as demonstrated by the dozens of antitrust authorities around the world that have carefully reviewed the transaction and either cleared it or concluded that it does not violate applicable competition laws.”

"Let me be clear: we remain highly confident that this transaction does not pose any legal issues, and we will complete it and bring these two companies together."

Will Paramount Acquire Warner Bros. Discovery?

California Attorney General Rob Bonta canceled a planned Monday meeting with Paramount Skydance CEO David Ellison, accusing Paramount of leaking details of a Friday prep session and acting in bad faith ahead of scheduled settlement talks.

California Attorney General Rob Bonta canceled a planned Monday meeting with Paramount Skydance CEO David Ellison, accusing Paramount of leaking details of a Friday prep session and acting in bad faith ahead of scheduled settlement talks.

Bonta is leading a coalition of 12 state attorneys general who sued in July to block Paramount's proposed acquisition of Warner Bros. Discovery, alleging the deal would reduce competition in film distribution and cable television and raise costs for consumers.

Bonta is leading a coalition of 12 state attorneys general who sued in July to block Paramount's proposed acquisition of Warner Bros. Discovery, alleging the deal would reduce competition in film distribution and cable television and raise costs for consumers.

The Justice Department approved the planned merger one month before the multistate suit was filed, concluding it does not harm U.S. consumers. A federal judge later temporarily paused the deal, saying states had raised serious questions about its impact.

The Justice Department approved the planned merger one month before the multistate suit was filed, concluding it does not harm U.S. consumers. A federal judge later temporarily paused the deal, saying states had raised serious questions about its impact.

Paramount agreed to postpone closing the deal until after an antitrust trial scheduled for March, and the company faces a ticking fee of roughly $7 million per day owed to Warner Bros. Discovery shareholders for each day after Sept. 30 that the deal remains unclosed.

Paramount agreed to postpone closing the deal until after an antitrust trial scheduled for March, and the company faces a ticking fee of roughly $7 million per day owed to Warner Bros. Discovery shareholders for each day after Sept. 30 that the deal remains unclosed.

The Wall Street Journal reported Bonta may seek Paramount's divestiture of some cable channels and a commitment to keep its movie studio separate from Warner Bros., terms Paramount is considered unlikely to accept given its reliance on cable revenue.

The Wall Street Journal reported Bonta may seek Paramount's divestiture of some cable channels and a commitment to keep its movie studio separate from Warner Bros., terms Paramount is considered unlikely to accept given its reliance on cable revenue.

California Gov. Gavin Newsom said he would prefer a settlement if it is "a good deal," while Paramount's threat to leave California drew concern from officials including Los Angeles Mayor Karen Bass and Democratic gubernatorial candidate Xavier Becerra.

California Gov. Gavin Newsom said he would prefer a settlement if it is "a good deal," while Paramount's threat to leave California drew concern from officials including Los Angeles Mayor Karen Bass and Democratic gubernatorial candidate Xavier Becerra.

CA AG Bonta Cancels Paramount Talks, Cites Bad Faith

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CA AG Bonta Cancels Paramount Talks, Cites Bad Faith

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