chinadailyasia.com·4 min read·medium
12 US states sue to block Paramount
✦AI Summary
Twelve US states have filed a lawsuit to block the proposed acquisition of Warner Bros. Discovery by Paramount Skydance Corporation. The states argue the merger would harm market competition and lead to higher prices for consumers.
LOS ANGELES – California and 11 other US states filed a federal lawsuit on Monday seeking to block Paramount Skydance Corporation's acquisition of Warner Bros. Discovery (WBD), alleging that the deal would reduce competition in film distribution and cable television licensing.
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