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California Vowed to Stop Paramount-Warner Bros. Merger. Why Did It Fold? - The Hollywood Reporter

California Vowed to Stop Paramount-Warner Bros. Merger. Why Did It Fold? - The Hollywood Reporter

Political pressure, a dice roll of an antitrust trial and competing factions within the alliance of states and the Writers Guild of America all played a part in the states' decision to settle.

For months, California attorney general Rob Bonta told anyone who would listen that Paramountโ€˜s $111 billion bid for Warner Bros. Discovery would ruin Hollywood and that he could stop the merger. Theโ€ฆ [+6831 chars]

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