Key facts
- California AG Rob Bonta canceled settlement talks with Paramount over the Warner Bros. Discovery merger.
- Bonta accused Paramount of leaking settlement discussion details and acting in bad faith.
- The state previously sued to block the $110 billion deal, alleging it would harm competition.
- Paramount was expected to be asked to sell TV channels and keep its movie studio separate.
California Attorney General Rob Bonta has canceled settlement talks with Paramount representatives regarding the state's lawsuit to block the proposed $110 billion acquisition of Warner Bros. Discovery. Bonta accused Paramount of leaking details of settlement discussions and misrepresenting them, demonstrating a lack of good faith. The state, joined by 11 others, previously sued to block the deal, alleging it would reduce competition in film distribution and cable television, potentially harming theaters, pay-TV distributors, and workers.