Paramount Settlement Talks With State AGs Reach Critical Stage as Merger Critics Urge Bonta Not to Cave

Paramount Skydance's talks with state attorneys general are at a critical stage in its Warner Bros. Discovery bid. A 12-state federal suit filed in July is the last barrier to the $110 billion deal agreed in late February. Paramount owes WBD shareholders $7 million daily from Oct. 1 if unclosed. Negotiations led by Rob Bonta look positive, while opponents rally in Oakland, Los Angeles and New York urging him not to cave.