The Paramount Skydance acquisition of Warner Bros. Discovery (WBD) is currently stalled due to a series of state antitrust lawsuits led by California Attorney General Rob Bonta. Earlier this week, preliminary settlement talks between the California AG and Paramount reportedly broke down. The proposed $110 billion deal, in which Paramount agreed to acquire WBD for $31 per share, would incur "ticking fees" payable by Paramount if regulatory approval is delayed beyond September.