KCRA·3 min read·medium
California sues to block Paramount's takeover of Warner Bros
✦AI Summary
A coalition of twelve U.S. states has filed an antitrust lawsuit to block the $81 billion merger between Paramount and Warner Bros. Discovery. The states argue the deal would stifle competition and harm consumers, despite the U.S. Justice Department's support for the transaction.
Twelve states challenged Paramount’s takeover of Warner Bros. Discovery on Monday, filing a lawsuit that argues the $81 billion mega merger would “extinguish competition” in Hollywood and threaten jobs across the industry.
businessentertainment
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