Paramount Skydance is lobbying California Democrats, including LA Mayor Karen Bass, to isolate Attorney General Rob Bonta over his antitrust lawsuit challenging their $81 billion merger with Warner Bros. Discovery. The company argues the case is weak and threatens to move operations out of California, risking over 50,000 jobs and billions in economic activity. Governor Gavin Newsom and other top Democrats are concerned about the potential economic impact. Bonta demands structural changes to the merger, but Paramount seeks a settlement by October 1 to avoid costly litigation and a possible $7 billion breakup fee. Talks are ongoing with a federal judge urging settlement discussions by mid-October.
Paramount's merger defense is the subject, with Pluang's Media sector data providing context as of Sep 18, 2026 02:31 WIB. Of 37 priced Media-sector US stocks tradable on Pluang, 10 rose and 27 fell today. Notable movers include AMC at USD 2.73 with a 1-day change of +2.82%, Sirius XM Holdings Inc at USD 27.83 down 2.56%, and Verizon Communications Inc at USD 48.50 down 2.53%.
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