AXIOS (Sara Fischer) - A dozen states file lawsuit to block Paramount Skydance-Warner Bros. Discovery merger
State attorneys general from a dozen states, including California, New York and Washington, filed a lawsuit to block Paramount Skydance's $110 billion takeover of Warner Bros. Discovery. Why it matters: The lawsuit could derail or delay the closing of the deal, which could cost Paramount hundreds of millions of dollars. - The coalition of states said they asked the two companies not to close their merger until after the judicial process concludes, adding it will file a temporary restraining order. - The coalition is composed of California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington. Zoom in: The states argue the deal is anticompetitive on three grounds: -…
State attorneys general from a dozen states, including California, New York and Washington, filed a lawsuit to block Paramount Skydance's $110 billion takeover of Warner Bros. Discovery. Why it matters: The lawsuit could derail or delay the closing of the deal, which could cost Paramount hundreds of millions of dollars. - The coalition of states said they asked the two companies not to close their merger until after the judicial process concludes, adding it will file a temporary restraining order. - The coalition is composed of California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington. Zoom in: The states argue the deal is anticompetitive on three grounds: -…Open