Twelve state attorneys general sued to block Paramount's $110 billion acquisition of Warner Bros Discovery, but the company says it can close by September.

Multiple state attorneys general are expected to file a lawsuit challenging the merger between Paramount Skydance and Warner Bros. Discovery, David Faber reports.

A victory for the states could stop Paramount's effort to become a theatrical giant in a case that will define entertainment and media for years to come.

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