2 hours ago - Business

California AG cancels Paramount settlement meeting

Dan Primack

Illustration of a mountain with a constellation in the shape of a gavel above it made from stars. — Illustration: Aïda Amer/Axios. Stock: Getty Images

California Attorney General Rob Bonta reportedly canceled Monday's planned meeting with Paramount Skydance CEO David Ellison, accusing Paramount of leaking details of a prior meeting.

State of play: The pair had been expected to negotiate a settlement to the multi-state antitrust lawsuit that seeks to block Paramount's proposed $81 billion takeover of Warner Bros. Discovery.

Zoom in: Bonta may have asked Paramount to divest some cable channels, per the WSJ.

But that would have been tricky, since Paramount is counting on cable cashflow to help pay down acquisition financing.

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California AG cancels Paramount settlement meeting

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