A coalition of 12 U.S. states has filed an antitrust lawsuit seeking to block Paramount's proposed takeover of Warner Bros. Discovery, arguing the deal would reduce competition across the media industry, reported by CNN.
Paramount rejected the allegations, maintaining that the merger is lawful and would strengthen competition against major global streaming and technology companies. The company also noted that the U.S. Department of Justice and regulators in other markets have already approved the transaction.
The report said the lawsuit reflects growing efforts by state attorneys general to challenge mergers despite federal approval. Critics have also questioned the Justice Department's approval, citing concerns over Paramount's ties to President Donald Trump's administration.
Paramount has said it remains committed to completing the merger this summer.
Related Tweet:
A group of about a dozen states is poised to sue Monday to block Paramount Skydance Corp. from buying Warner Bros. Discovery Inc., according to a person familiar with the matter https://t.co/B96nmzb1sm
— Bloomberg (@business) July 13, 2026
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TIPP Staff
TIPP Staff
