12 states challenge Paramount’s takeover of Warner Bros, say merger would ‘extinguish competition’

Twelve states, led by California's attorney general, filed a lawsuit challenging Paramount's $81 billion merger with Warner Bros Discovery, arguing it would reduce competition and harm consumers. The merger faces legal scrutiny in the U.S., EU, and UK, with the U.S. Justice Department supporting it, while the states seek a temporary restraining order to block its completion.