California Attorney General Warns Paramount That Warner Bros. Discovery Acquisition is ‘Not a Done Deal’

Rob Bonta, California’s Attorney General, is promising to conduct a “vigorous” review of Paramount Skydance’s acquisition of Warner Bros. Discovery as he warned the companies not to get ahead of the regulatory process in their celebrations.

“Paramount/Warner Bros is not a done deal. These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open investigation, and we intend to be vigorous in our review,” Bonta said in a statement issued Thursday evening.

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Bonta’s missive came at the end of a day of extraordinary twists and turns that have put Paramount Skydance in position to

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