Key facts
- California Attorney General Rob Bonta indicated Paramount is 'eager' for a settlement in the antitrust case.
- Bonta refuted claims that his actions are motivated by a desire to block David Ellison's acquisition of CNN.
- Bonta expressed strong confidence in the legal team's performance in the ongoing antitrust litigation.
- Bonta characterized David Ellison's threat to relocate Paramount out of California as an attempt at blackmail.
- Bonta stated he is monitoring developments regarding the deal's backing by major cinema chain CEOs.
California Attorney General Rob Bonta indicated that Paramount is 'eager' for a settlement in the ongoing antitrust case concerning its acquisition of CNN. Bonta dismissed suggestions from David Ellison, CEO of Paramount Skydance, that his motivation was to block the acquisition, calling such claims "false all day, everyday."