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International Business Times
International Business Times
Business

Paramount Made A Bid to Acquire Warner Bros.-Discovery. Now 12 States Are Suing to Block the Merger.

Paramount Paramount Skydance Lawsuit Warner Bros Discovery Entertainment Hollywood United States CBS CNN
(Credit: Mario Tama/Getty Images)

A coalition of 12 U.S. states filed a lawsuit Monday seeking to stop Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, arguing the blockbuster media merger would reduce competition, drive up prices for consumers and further consolidate power in Hollywood.

The lawsuit, led by California Attorney General Rob Bonta and joined by attorneys general from 11 other states, marks the most significant legal challenge yet to one of the largest entertainment mergers in history.

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