Latest in Paramount-Bonta Negotiations: 'Hold Separate' Maneuver May Be Key as Deal Nears | Exclusive

A plan that would hold Warner Bros. Discovery separate from Paramount Skydance through the end of potential litigation may be the key in ending a standoff between the Hollywood studio and California Attorney General Rob Bonta, allowing the stalled $110 billion merger to proceed, TheWrap has learned. The maneuver, called a "hold separate," would provisionally allow the merger to proceed while litigation challenging the deal as a breach of antitrust laws could make its way through the courts. Doing so would allow Paramount to avoid the painful ticking fee that begins on Oct. 1 and move the . . .