Leading CA Democratic Candidate Urges Settlement in Paramount-WBD Antitrust Case
Xavier Becerra, the leading Democratic candidate for California governor, said a negotiated settlement would be the preferable outcome for the multistate antitrust lawsuit seeking to block the proposed merger between Paramount Skydance Corporation and Warner Bros. Discovery Inc. The suit, led by California Attorney General Rob Bonta with 11 other states, challenges a roughly $110–$111 billion combination on federal antitrust grounds and is scheduled for trial in early March 2027. Federal antitrust authorities and some international regulators previously cleared the deal, but the state-led litigation has delayed closing; the companies agreed not to consummate the transaction until five days after a final merits determination or June 1, 2027. Daily fees and a potential termination fee of about $7 billion raise stakes for the firms, while Paramount has warned it may relocate operations if delays persist.
- •Xavier Becerra said a negotiated settlement would be preferable to a full trial in the multistate antitrust lawsuit over the proposed merger between Paramount Skydance Corporation and Warner Bros. Discovery Inc.
- •The lawsuit was filed in mid-July by California Attorney General Rob Bonta alongside counterparts from 11 other states, challenging a roughly $110 billion to $111 billion merger on federal antitrust grounds.
- •A trial in the U.S. District Court for the Northern District of California is scheduled to begin in early March 2027 and is expected to last approximately two weeks.
