California Attorney General Rob Bonta outlined potential concessions on July 15, 2026. These proposals aim to resolve a lawsuit filed by 12 states to block the Paramount Skydance and Warner Bros. Discovery merger. The deal carries a $110 billion valuation.
The merger may require the divestment of a film studio, a news channel, or various cable networks. These measures address antitrust concerns regarding reduced competition for consumers, theaters, and distributors. Plaintiffs argue the consolidation will lead to higher prices and lower quality content.
The U.S. Department of Justice has already granted clearance for the merger. However, the companies continue to navigate additional regulatory reviews in regions including Europe.