NEW YORK (AP) — Twelve states challenged Paramount’s takeover of Warner Bros. Discovery on Monday, filing a lawsuit that argues the $81 billion mega merger would “extinguish competition” in Hollywood and threaten jobs across the industry.
The office of California’s attorney general, who is leading the case, said the states are asking Warner and Paramount to not close their merger “until after the judicial process concludes” — and if the companies do not agree, the coalition will then file a temporary restraining order. ...
The additional states joining the suit include Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington.
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