business π¬ Paramount settlement meeting cancelled amid merger drama
California AG Rob Bonta cancelled the scheduled settlement meeting between Paramount and state Attorneys General. This cancellation followed reports of an August 21 meeting with David Ellison's company regarding the $111 billion WBD merger. The 12 state AGs had sought Ellison to sell WBDβs cable channels and keep the studios separate. Bonta accused Paramount of misrepresenting discussions and playing games during the talks. The parties are set for a trial on March 2, 2027, with ongoing high-stakes negotiations. π¬