Free daily briefing on global business news.
Rob Bonta said a negotiated resolution is possible but that any deal would need to address concentration in film and basic cable TV markets
Justin Sullivan/Getty Images
California Attorney General Rob Bonta said Thursday that settling the multistate antitrust lawsuit against Paramount $PARA Skydance's proposed acquisition of Warner Bros. Discovery would require "robust structural remedies," leaving open the possibility of negotiations while signaling that a straightforward settlement is unlikely.
Bonta told CNBC that Paramount had steered early discussions toward subjects the complaint does not address — among them the streaming market, CNN, and foreign regulators — rather than engaging on the three markets where the states allege antitrust harm. "We want to talk about the three markets that we set forth in our complaint, where we think there's antitrust violation," Bonta said.
