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.

The legal challenge comes a month after the Justice Department announced it had signed off on the blockbuster transaction.

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

Paramount’s planned $110 billion takeover of TNT Sports parent company Warner Bros. Discovery is facing a new legal challenge.