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The Economic Times

Global Business / The Economic Times

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California cancels talks over $110 billion Paramount-Warner deal, citing bad faith

California Attorney General Rob Bonta canceled settlement talks with Paramount Skydance over its proposed $110 billion acquisition of Warner Bros Discovery, accusing the company of leaking and misrepresenting confidential discussions. Paramount denied the allegation and said it remains ready to negotiate. The lawsuit remains a key obstacle to completing the deal.

25 Aug 2026 7:20 am