Paramount Skydance successfully outbid Netflix Thursday, paving the way for the media behemoth to merge with its Burbank, California, neighbor, Warner Bros. Discovery—but local officials caution that the acquisition still has a long way to go before it’s official.“Paramount/Warner Bros is not a done deal,” California Attorney General Rob Bonta told Deadline Thursday evening.“These two Hollywood titans have not cleared regulatory scrutiny—the California Department of Justice has an open investiga...