Lawyers for several states are finalizing an antitrust lawsuit challenging Paramount’s pending acquisition of Warner Bros. Discovery, according to people involved in the legal process.
Merger Details
The multistate suit will likely be filed next week, though the filing date is subject to change. If the suit is filed, it could disrupt Paramount’s plan to take control of Warner later this summer.
Critics have argued that the deal would harm competition across the entertainment and news industries, a charge Paramount has denied. State-level officials have been probing Paramount’s lobbying of the Trump administration, among other matters.
A coalition of state attorneys general has been investigating the deal for months, and California Attorney General Rob Bonta has repeatedly expressed concerns about the proposed combination.
Original reporting: El Paso News (HLL/CB) — read the source article.
