California and 11 states challenge Paramount's $110 billion Warner Bros. merger, citing concerns over competition and consumer choice.

The deal already cleared federal regulators, but now faces a challenge from a coalition of 12 states.

Twelve states challenged Paramount’s takeover of Warner Bros. Discovery on Monday, filing a lawsuit that argues the $81 billion mega merger would “extinguish competition” in…

California and eleven states are suing to block Paramount's acquisition of Warner Bros. Discovery. They allege the deal would lessen competition in film distribution and cable…

Paramount Skydance’s (PSKY) proposed $110 billion takeover of Warner Bros. Discovery (WBD) is facing a major roadblock. A group of 12 states, le...