Paramount Skydance’s (NASDAQ:PSKY) proposed $110 billion acquisition of Warner Bros.
Discovery, Inc.
(NASDAQ:WBD) is facing a legal hurdle after a coalition of 12 states filed an antitrust lawsuit seeking to block the deal. 12 States Challenge Paramount-Warner Bros.
Merger California, New York, Arizona, Minnesota and nine other states filed a lawsuit in federal court in Oakland, arguing that combining Paramount and Warner Bros.
Discovery would create a media giant with excessive market power.











