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States Sue to Block Warner Bros. Discovery Merger | Mesa News
Twelve states are suing to block Paramount’s $20 billion buyout of Warner Bros. Discovery, warning the merger would crush competition, shrink consumer choice, and drive up prices — turning Hollywood into a monopoly with HBO Max, Harry Potter, CNN, and CBS all under one roof. While states like California demand a court review before closing the deal, Paramount argues the merger is essential to compete with tech giants and that the lawsuit misapplies antitrust law. With shareholder approval already granted and looming financial penalties, this legal battle could derail the deal — sparking a…
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