California, 11 states suing to block Paramount’s $110 billion Warner Bros deal
California and 11 states are suing to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and cable television, harming theaters and pay TV distributors.
The lawsuit is a serious threat to Paramount CEO David Ellison’s bid to transform his company into a major competitor to Netflix and Disney.
“With this lawsuit, California and our sister states are fighting for free and fair markets, not rigged markets. America has no kings in government or our economy,” Bonta said in a statement.
