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The merger combining Paramount ($PARA) and Warner Bros. ($WBD) is contested by attorneys general from 12 states, and Paramount is pushing for a settlement to clear the path.
The company accused those officials of inflicting "harm without benefit to their own constituents." A resolution with the 12 state attorneys general is the next confirmable milestone.
That framing puts the states on the defensive. Paramount argues the opposition harms the residents those officials represent. Twelve attorneys general acting in concert represent a coordinated challenge.
Watch for a filing or public statement from any of the states as the first sign of movement in settlement talks.
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