A coalition of state attorneys general, led by California, has filed a lawsuit to block the proposed merger between Warner Bros. Discovery and Paramount. The antitrust legal challenge seeks to stop the $110 billion deal from proceeding. This action follows expectations that multiple states would challenge the merger to protect market competition.
Executives at Paramount and Warner Bros. Discovery fear an imminent court order could halt their $110 billion merger following a multi-state legal challenge.
Read the full storyA coalition of 12 state attorneys general is pursuing an antitrust injunction to stall the $110 billion mega-merger between Paramount and Warner Bros. Discovery.
In a move reflecting intensifying U.S. antitrust enforcement, California has officially moved to block the merger between Paramount and Warner Bros. Discovery.