New Markets
Tuesday, 7/14, 06:33 AM
Twelve States Sue to Block the Paramount-Warner Bros Merger
- A coalition of 12 US states, led by California, has sued to stop Paramount Skydance's roughly 110 billion dollar takeover of Warner Bros Discovery, one of the biggest media deals ever.
- The move is a striking attempt to unwind a merger that federal regulators had already cleared, and it argues the combination would harm competition in film, cable and streaming.