Representatives for Paramount and the parties suing to block its takeover of Warner Bros. Discovery (WBD) are set to meet next week for talks that could lead to a settlement.

California AG Rob Bonta discussed the states' antitrust case to block the Paramount Skydance-Warner Bros. Discovery merger with CNBC's David Faber.

Rob Bonta said a negotiated resolution is possible but that any deal would need to address concentration in film and basic cable TV markets

Paramount had planned a $111 billion acquisition of Warner Bros. But Rob Bonta is leading an antitrust lawsuit to block the merger.