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LIVE DESK·Global markets desk·Last updated 14s ago
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Business/M&AArticle

California AG cancels Paramount merger talks after alleged leak

Rob Bonta terminates Monday meeting after Paramount is accused of leaking details and misrepresenting preliminary discussions. Regulators seek to block $110 billion Warner Bros. Discovery deal.

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Lucas Ferreira · Deals & Startups Desk · 25 Aug 2026 · 18:24 · 1 min read
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California AG cancels Paramount merger talks after alleged leak

California Attorney General Rob Bonta canceled a scheduled Monday meeting with Paramount Skydance executives, citing what he described as bad faith conduct after details of a Friday discussion were allegedly leaked to the media.

Bonta stated that Paramount not only disclosed the purported substance of the talks but also misrepresented their nature, undermining the integrity of the process. "Once Paramount stops gaming the system and engages in good faith, my office will be happy to meet again," he said in a statement.

The dispute centers on a lawsuit filed in July 2026 by California and 11 other states—including New York, Arizona, and Minnesota—seeking to block Paramount’s proposed $110 billion acquisition of Warner Bros. Discovery. The states argue the merger would reduce competition in film distribution and cable television, potentially harming movie theaters, pay-TV distributors, and consumers through higher prices and reduced wage competitiveness.

The New York Times reported on Saturday that the Friday meeting between Bonta’s office and Paramount representatives was preliminary and did not guarantee formal negotiations. The leak, if confirmed, complicates efforts to reach a settlement before the case proceeds in court.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Lucas Ferreira
Deals & Startups Desk

Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.

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