States sue to block Paramount/WBD merger that was approved by Trump admin
Summary
Twelve states, led by California, filed a lawsuit to block Paramount, Skydance, and Warner Bros. Discovery from pursuing a $111 billion merger that the Trump administration had approved. The states argue the deal would lessen competition in theatrical film releases and basic cable licensing, raising prices and reducing content for consumers, theaters, and distributors. The DOJ had approved the merger prior, and the suit seeks to halt close pending litigation, with Paramount reportedly considering relocating its headquarters in response.