Just a few days ago, the states’ antitrust challenge to the Paramount-Warner Bros. merger still seemed like a hurdle. Now, it’s looking more like a siege war, as Paramount has agreed to suspend the $111 million deal for at least several months. In doing so, Paramount’s lawyers have effectively admitted that they were unlikely to
David Ellison may have believed that Paramount Skydance could have closed its $111 billion acquisition of Warner Bros. Discovery by now. The deal was approved by the Justice Department in June (apparently over the objections of staff reviewing it). It has been officially cleared by the EU, and Paramount agreed to the relatively minor concession
A group of 12 Democratic state attorneys general is suing to block Paramount Skydance’s merger with Warner Bros. Discovery, arguing that the transaction violates antitrust law by giving the combined company undue power in three markets: wide-release theatrical distribution, blockbuster movies and basic cable television. Paramount says the lawsuit “distorts established antitrust law” and that
A coalition of 12 states filed an antitrust lawsuit Monday to block the merger of Paramount Skydance and Warner Bros., defying the Justice Department, which approved the deal last month. The coalition, led by California Attorney General Rob Bonta, alleges that the $111 billion transaction violates the Clayton Act by reducing competition in three distinct
