California and 11 other states filed an anti-trust lawsuit July 13 against the Paramount Skydance and Warner Bros. Discovery merger, asking the court to permanently block the $110 billion deal.
Attorney General Rob Bonta claims the acquisition would extinguish competition, drive up prices, lower content quality, and result in fewer movies and television shows.
Paramount Skydance CEO “David Ellison may think this is an offer we can’t refuse. But I’m here to say, he’s wrong,” Bonta told reporters while standing in Griffith Park with the iconic Hollywood sign behind him.
A coalition of Democratic attorney generals joined the lawsuit from Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington state….
12 States Challenge Paramount’s $110 Billion Merger With Warner Bros.
