Variety·2 min read·medium
States Sue to Block Paramount-Warner Bros. Merger, Defying DOJ - Variety
G
Gene Maddaus
✦AI Summary
A coalition of 12 states, led by California, has filed an antitrust lawsuit to block the Paramount-Warner Bros. merger. This action directly challenges the Department of Justice's recent approval of the $111 billion deal.
A coalition of 12 states filed an antitrust lawsuit on Monday to block the merger of Paramount Skydance and Warner Bros., defying the Department of Justice, which approved the deal last month. The coalition, led by California Attorney General Rob Bonta, alleges that the $111 billion transaction violates the Clayton Act by lessening competition in [...]
businesspolitics
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