California AG Rob Bonta cancels Paramount settlement meeting, citing 'lack of good faith'
California AG Rob Bonta was scheduled to meet with Paramount representatives on Monday, he said, but canceled the meeting.
TL;DR
- California Attorney General Rob Bonta canceled a settlement meeting with Paramount over the planned merger with Warner Bros. Discovery.
- Bonta cited a "lack of good faith" by Paramount, accusing them of leaking and misrepresenting confidential settlement discussions.
- Paramount denies being the source of the leaks and stated its commitment to good-faith discussions.
- The lawsuit, led by Bonta and 11 other state AGs, seeks to block the merger, alleging it would create an overly dominant media company.
- A trial in the antitrust case is scheduled for March, with Paramount having agreed to delay the deal's closing until June 2027.