Calif. AG Bonta Says Settlement Is Not a 'Blessing' for Paramount Deal

California Attorney General Rob Bonta reached an antitrust settlement with Paramount Skydance intended to protect jobs, removing a key obstacle to Paramount's proposed takeover of Warner Bros. Discovery. Bonta emphasized that the settlement is not an endorsement of the merger, leaving broader regulatory and execution risks in place. The development is materially positive for deal certainty and could affect media-sector consolidation.