California, 11 States Sue to Block $110 Billion Paramount-Warner Bros Discovery Merger
- A coalition of 12 state attorneys general led by California AG Rob Bonta filed an antitrust lawsuit in federal court July 13 seeking to block the $110 billion Paramount Skydance-Warner Bros Discovery merger (NYT, BBC).
- The states argue the deal would "extinguish competition" in entertainment, raise consumer prices, and harm movie theaters and cable distributors, and are seeking a temporary restraining order to halt the tie-up. >- Paramount's advisers are separately pushing for a California corporate exit, per Fox Business, raising the prospect of a domicile shift amid the legal pressure.