After a bitter standoff, Paramount Skydance and California Atty. Gen. Rob Bonta have made progress in settlement talks that could push Hollywood’s massive merger over the finish line, people familiar with the matter said Friday.
The two sides have quietly been negotiating a truce to end the antitrust lawsuit brought by Bonta and 11 other Democratic state attorneys general — a legal volley that has threatened to derail Paramount’s $111-billion takeover of Warner Bros. Discovery.
It’s not clear how close to a resolution the two sides are, but talks in recent days have been constructive, one of the knowledgeable sources said.
Paramount Chief Executive David Ellison is highly motivated to end the court battle with Bonta before Oct. 1, when his company will be obligated to make a higher payout — an extra $7 million a day — to Warner Bros. Discovery shareholders on top of the $81 billion the company has already agreed to pay.
For weeks, Ellison and his team have been ratcheting up political heat on Bonta to abandon his lawsuit, including threatening to pull Paramount out of Hollywood — a scenario that has rattled state and local lawmakers who desperately want to bring film jobs back to Los Angeles, not lose thousands more.
Paramount declined to comment.
A spokesperson for Bonta’s office said in a statement: “Potential settlement talks are confidential. We cannot confirm or deny whether settlement talks are occurring or their alleged substance.”
Both sides have incentives to settle. Ellison, who has leaned on his family’s connections to President Trump and Washington Republicans, would like to avoid taking on more debt for the already highly leveraged deal. And he is eager to close the transaction and take the reins at Warner Bros. before the midterm elections.
Bonta has been on a winning streak with favorable rulings against the Trump administration and social media giant Meta, and he doesn’t want to overplay his hand or risk having his coalition of state attorneys fall apart.
Earlier this week, the two sides agreed to sit down for court-mandated settlement talks in mid-October. The two sides were set to meet in late August but Bonta pulled the plug on those sessions, accusing Paramount of leaking misinformation and “playing games.”
The Wall Street Journal first reported the two sides were in advanced talks.
This is a developing story.
WHEN it comes to girl groups going solo, there can only ever be one really successful member, while the others trail behind pretending to be happy for them.
Beyoncé is the obvious example – her Destiny’s Child bandmates Kelly Rowland and Michelle Williams never stood a chance.
In terms of their UK counterparts, Cheryl led the way for Girls Aloud and – although she’s not known for her music – Victoria Beckham will always be the standout Spice Girl.
As for Little Mix, it’s Jade Thirlwall who’s come out on top after her debut releases were met with huge critical and commercial success.
While her bandmates Leigh-Anne Pinnock and Perrie Edwards haven’t totally flopped – all three girls landed at number three with their solo albums – 33-year-old Jade’s highs have unfortunately highlighted their lows.
The Sun revealed last week how Perrie, 33, has split with her management company of 15 years and also parted ways with Columbia Records.
And Leigh-Anne, 34, has turned her attention to reality TV after a lukewarm reception to her solo music. She’ll appear on Celebrity Traitors later this year and is also set to star in an episode of Who Do You Think You Are?.
A well-placed insider told The Sun: “Perrie and Leigh are ready to come back now.
“They’ve done what they needed to do and would announce a Little Mix tour tomorrow if they could.
“It’s kind of ironic that Jade didn’t want the hiatus but she’s had the most success.
“But as much as she is, in her own words, Little Mix’s biggest fan, for Jade it’s just not the right time. She knows she’ll never get this chance again.”
Speaking of a possible Little Mix comeback, Perrie confessed recently she’s “ready and raring” while Leigh insisted she’s “a hundred per cent” behind getting back together.
Meanwhile, Jade has been a bit more coy in terms of timings. The Angel of My Dreams hitmaker said recently: “There will be a Little Mix reunion.”
But, suggesting her focus is elsewhere for now, she added to Capital: “It doesn’t matter how long that takes.”
We’re told that there is nothing but love between the three girls and they are as close as ever but Perrie and Leigh know that the more successful Jade becomes the longer they’ll have to wait to be back on stage with her.
She’s full-steam ahead with the follow up to debut solo album That’s Showbiz Baby! and has spent the last two summers performing at the likes of Glastonbury and Reading and Leeds festivals.
Our source added: “Perrie and Leigh are super proud of Jade.
“They always knew she’d go on to do great things. They’ve each found the perfect balance as working mums but Jade doesn’t have kids so, for now at least, it’s all about her career.
“Perrie and Leigh just hope that it won’t be too much longer before Jade can clear some space in her schedule so they can be together again.”
Nastco
Bitcoin (BTC-USD) is starting to consolidate above the $75,000 level after briefly reclaiming $80,000 for the first time since mid-May, underscoring persistent two-way order flow between aggressive buyers and sellers.
The timing of this resilience coincides with a striking historical
With the trade war with the US heating back up, Canada’s Prime minister Mark Carney has delivered another pledge to deepen his country’s economic and security partnership with the EU.
His statement came after trade talks between Ottawa and Washington collapsed last week, with Canada accusing the US of interfering in its sovereignty by demanding French-language concessions.
In retaliation, US President Donald Trump said on Truth Social that on 1 January 2027, tariffs on cars and trucks will be increased to 50%.
“WE DON’T NEED CANADA, THEY NEED US!” he wrote. “They do 95% of their business with the US, with us, the exact opposite!”
Canada announced later that, as of 8 September, it would enact tariffs ranging from 15% to 50% on over 700 American imports, worth about $20 billion (€17.2 billion).
Since Trump’s return to power in 2025 and his repeated attacks on US-Canada trade relations, Ottawa has been turning several times towards the EU, seeking a stable relationship with a “like-minded” partner.
“This fall we will begin intense discussions with the European Union, the world’s second-largest economy, to build a much stronger and deeper economic and security partnership,” Carney said on Monday.
The Canadian Prime minister has confirmed, according to Politico, that he will attend the State of the EU speech in Strasbourg on 16 September after European Commission President Ursula von der Leyen invited him before the trade war with the US broke out.
Since the start of the second Trump administration, Brussels and Ottawa have shared a common objective: diversifying their trade relations away from Washington. But since the EU and Canada are already bound by a trade agreement, how far could a deeper relationship go?
The truth is that both sides have their limits.
From critical raw materials to energy and defence, the last months have seen multiple areas of interest come to the fore, and they will likely set the agenda at the Canada-EU summit this fall.
Canada is planning to offer the EU better access to its critical raw materials. Brussels is desperate to move away from China, which holds the monopoly on the production and processing of rare earths. With strong domestic supplies of lithium, graphite and nickel, Ottawa has a lot to offer to integrate the EU into its metal value chain.
Canada might also make offers on energy, which it currently supplies principally to the US.
“We should be talking about a more viable Canada-EU corridor for energy, and not just in respect of oil and gas, but also of nuclear,” Mark Camilleri, President of the Canada-EU Trade and Investment Association, told Euronews. “The EU’s energy needs are increasing, and its energy supply is still very dependent on imports.”
On defence, Canada is already part of SAFE, the €150 billion defence instrument that supports EU member states that wish to invest in defence industrial production through common procurement. But defence cooperation is already set to go further, with Canada selecting German-Norwegian TKMS to build a new fleet of 12 submarines. Deepening the relationship on Arctic security could be another area of collaboration.
Canadian business, meanwhile, is increasingly interested in the European market, but the diversification will not come overnight. Geography, after all, matters.
“The Canadian economy is very much oriented and integrated to the US and North American economy,” Camilleri added. “We are not looking to untangle the relationship, despite the very distressing political issues taking place.”
The Europeans will also put limits on integration with Canada. The trade agreement struck in 2016 is proof enough that the EU market is not easy to access: the deal has not yet been ratified by all EU member states, and has only been provisionally applied since 2017.
Geography matters not only for the Canadians, but also for the EU.
Article 49 of the Treaty on European Union opens membership to “any European State”. Morocco was not considered European enough in the past to become a member, so how could Canada, located much further away, be considered a “European state”?
Guntram Wolff, senior fellow at the Brussels-based think tank Bruegel, points out that there is a new openness in Brussels, and that a strategic alignment “could go far”, even if probably it has to fall short of full membership.
Liberalising trade further than what the current agreement involves could be an option. But how far could the integration of the Canadian market into the EU go?
“One can go to the point where Norway is, which is a single market membership,” Wolff told Euronews. “Whether that is where Canada wants to go and whether that’s where all the European countries want to go, we will see in the coming weeks.”
Norway, Iceland and Liechtenstein are members with EU member states of what is called the “European Economic Area”, membership of which involves the implementation of the EU’s four freedoms – free movement of goods, persons, services and capital. These freedoms form the basis of the single market.
But an EU official told Euronews that this option was not on the table yet, and remains a theoretical debate for now.
