State attorney general proposes structural remedies to address antitrust concerns over the pending media merger.
California Attorney General Rob Bonta outlined potential concessions to resolve antitrust challenges against Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery. The state and 11 others sued to block the deal earlier this week, citing competition risks in the media sector.
The proposed remedies may include divestitures or operational separations to address regulatory concerns. No final agreement has been reached, and negotiations remain ongoing. The deal’s approval hinges on resolving objections from multiple state attorneys general.
Markets have closely monitored the merger’s progress, with WBD shares reacting to regulatory developments in recent sessions.