Multiple states prepare antitrust lawsuit to block $111 billion Paramount-Warner Bros. merger
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Summary
Attorneys general from up to 10 states, led by California, are preparing to file an antitrust lawsuit to block the proposed $111 billion merger of Paramount Skydance and Warner Bros. Discovery. The lawsuit, expected in the coming weeks, aims to prevent the creation of an entertainment monolith that would dominate television, film, and streaming markets globally. Officials are currently working on the legal strategy and determining where to file the case.
Key quotes
· 3 pulledThe attorneys general of several states are preparing to file a lawsuit in the coming weeks to prevent the $111 billion merger of Paramount Skydance and Warner Bros. Discovery.
As many as 10 states are involved in a California-led antitrust investigation of the merger, which would create an entertainment monolith comprised of two of the biggest major players in television, film and streaming globally.
Officials in the states have started working on the lawsuit and where to file it, the news organizations confirmed.
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