PoliticsParamount’s Warner takeover challenged by 12 US states
California is leading a legal challenge to one of the largest media mergers ever proposed. Twelve US states have sued to stop Paramount Skydance from acquiring Warner Bros. Discovery. They argue that the transaction would give the resulting company excessive market power and harm consumers and workers. The case is also being viewed as a political proxy fight, as Democratic state officials seek to curb what they describe as unchecked crony capitalism and corruption linked to business leaders’ proximity to President Donald Trump.
Paramount’s Warner takeover challenged by 12 US states
Politics