Paramount, California AG Rob Bonta hold advanced settlement talks: report

Paramount Skydance is reportedly engaged in advanced settlement talks with California Attorney General Rob Bonta. These discussions aim to resolve a 12-state antitrust lawsuit that currently obstructs the media giant's $81 billion acquisition of Warner Bros. Discovery. While a Paramount spokesperson declined to comment on the matter, a representative for Bonta's office stated that potential settlement talks remain confidential. The report regarding these negotiations was first published by the Wall Street Journal on Friday.