Paramount's WBD takeover 'is not a done deal,' says California's attorney general

California attorney general says, not so fast to Paramount Warner Bros. merger

Christina House/Los Angeles Times via Getty Images

• California's attorney general is investigating Paramount's Warner Bros. merger, citing antitrust issues.
• California Attorney General Rob Bonta said the merger had not "cleared regulatory scrutiny."
• Netflix walked away from its bid for Warner Bros. on Thursday.

Netflix dropped its bid for Warner Bros. Discovery, clearing a path for Paramount Skydance.