12 states challenge Paramount-Warner Bros. Discovery deal
California and 11 other states are challenging Paramount’s takeover of Warner Bros. Discovery.
In a lawsuit filed Monday, they argue the $81 billion deal would extinguish competition and threaten jobs in the media industry.
The Justice Department has already signed off on the deal, which would combine the likes of HBO Max and CNN with CBS and Paramount+, among others.
A Paramount spokesperson said Monday the company plans to “vigorously defend the transaction.”
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