π CA cancels Paramount meeting over WB merger
California Attorney General Rob Bonta called off a meeting with Paramount Skydance executives regarding the lawsuit against the Warner Bros. Discovery takeover. The cancellation happened late on Sunday, August 23rd, because Bonta accused Paramount of acting in bad faith. This follows a coalition of 12 AGs filing suit against the $110 billion acquisition. The lawsuit argues the merger will hurt competition and audiences nationwide. Bonta stated his office is ready to meet once Paramount engages sincerely. π