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A coalition of 12 U.S. states has filed an antitrust lawsuit to block Paramount's acquisition of Warner Bros.
① A coalition of 12 states has filed a lawsuit seeking to block Paramount's $81 billion acquisition of Warner Bros. Discovery; ② If the transaction is not completed by September 30, Paramount will be required to pay Warner shareholders approximately $650 million per quarter in delay-related compensation; ③ Paramount stated it will vigorously defend against the lawsuit, arguing that the suit misrepresents antitrust legal principles and that the merger would help it better compete with rivals such as Netflix.
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