Antitrust suit by state AGs stalls Paramount's $110 billion WBD deal
Paramount Skydance CEO David Ellison is searching for ways to complete his company's proposed acquisition of Warner Bros. Discovery after a group of state attorneys general filed an antitrust challenge to block it [1]. Last month Paramount agreed to delay the $110 billion deal until as late as June 2027, about nine months past the planned closing date, while the challenge goes to trial, and industry insiders say the holdup is chilling other media mergers and acquisitions [3]. California Attorney General Rob Bonta canceled a settlement meeting scheduled for Monday, saying Paramount broke the confidentiality of an earlier Friday meeting and misrepresented the discussions, which he described as a lack of good faith [2].
Sources
- cnbc.com · Paramount CEO David Ellison is at the final hurdle before buying WBD. So far, he can't clear it Aug 25, 2026
- cnbc.com · California AG Rob Bonta cancels Paramount settlement meeting, citing 'lack of good faith' Aug 24, 2026
- cnbc.com · A media M&A chill: The Paramount-WBD antitrust challenge may hold up more deals than one Aug 24, 2026
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