A bipartisan group argue in lawsuit that $110bn merger would hurt competition and lead to thousands of job losses
A bipartisan group of US state attorneys general are seeking to block the $110bn merger of Paramount Skydance and Warner Bros Discovery, arguing in a lawsuit filed on Monday that it would hurt competition and lead to higher prices for consumers.
The coalition behind the lawsuit is led by the California attorney general, Rob Bonta, who has been a staunch critic of the merger since it was agreed to in February after a bidding war between David Ellison’s Paramount Skydance and Netflix.
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This article was originally published by The Guardian and written by Jeremy Barr.
Read original article on The Guardian