US state attorneys general file lawsuit in effort to block Paramount merger
A bipartisan coalition of twelve U.S. state attorneys general has filed a lawsuit to block the $110 billion merger of Paramount, Skydance, and Warner Bros Discovery. The states argue the deal would stifle competition and lead to job losses.
Why it matters
This legal challenge represents a significant hurdle for media consolidation, testing the limits of state-level intervention in federal-approved corporate mergers.
The Paramount logo on the water tower at Paramount Studios in Los Angeles, California. The Paramount logo on the water tower at Paramount Studios in Los Angeles, California. Media business US state attorneys general file lawsuit in effort to block Paramount merger Bipartisan group argue in lawsuit that $110bn merger would hurt competition and lead to thousands of job losses
Prefer the Guardian on Google A dozen US state attorneys general are seeking to block the $110bn merger of Paramount Skydance and Warner Bros Discovery, arguing in a lawsuit filed on Monday that it would hurt competition and lead to higher prices for consumers.
The coalition behind the lawsuit is led by the California attorney general, Rob Bonta, who has been a staunch critic of the merger since it was agreed to in February after a bidding war between David Ellison’s Paramount Skydance and Netflix.
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