Multiple reports say a group of US state attorneys general is preparing to file a lawsuit to block the proposed merger between Paramount and Warner Bros. Discovery. Sources cited by Reuters indicate the states could sue as soon as next week. The deal is reported to be valued at about $110 billion to $111 billion, depending on the source’s figure. The threatened state legal action would create a new challenge even after federal review concludes. According to the reports, the Justice Department has already cleared the merger, allowing it to move forward from a federal antitrust standpoint. The New York Times similarly reports that state attorneys general are getting ready to bring the case, potentially this week, framing it as a significant obstacle to closing. While the articles do not specify which states would file, they describe coordination among state officials and a focus on preventing the acquisition. The outcome of any court challenge is not described in the sources, but the reported timing suggests legal filings could occur before the merger proceeds further.
US states reportedly prepare lawsuits to block Paramount–Warner Bros merger
Multiple reports say a group of US state attorneys general is preparing to file a lawsuit to block the proposed merger between Paramount and Warner Bros. Discovery. Sources cited by Reuters indicate t...
- State attorneys general reportedly prepare to file a lawsuit to block the Paramount–Warner Bros. Discovery merger.
- The reported deal value is about $110 billion to $111 billion.
- Reports say the states could sue as soon as this week or next week.
- The Justice Department has already cleared the merger at the federal level.
- The planned lawsuit would present a new legal challenge despite federal approval.
State attorneys general are said to be getting ready to file a lawsuit as soon as this week to halt the $111 billion deal, a potential major obstacle.
1 month agoA group of US states could sue as soon as next week to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, two people familiar with the matter told Reuters, opening a fresh front against a deal that federal regulators have already waved through. The threat lands weeks after the Justice Department cleared the merger without […] This story continues at The Next Web
1 month agoUS states may sue to block ParamountWarner Bros merger next week Report
1 month ago
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