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Attorneys general from 12 states have sued to block the proposed tie-up between Paramount (PARA) and Warner Bros. Discovery (WBD), arguing the deal would sharply curtail competition and leave consumers worse off.
Paramount has responded by delaying the merger. The setup now turns on how the parties and the courts handle a multistate antitrust challenge with no disclosed timeline.
The lawsuit and what the states allege A coalition of 12 state attorneys general is the force repositioning the setup.
Their complaint centers on competition: the merger, they argue, would reduce it drastically and harm consumers in the process.
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