Economic TimesLean R·
Paramount's mega merger hits legal roadblock
California and 11 states are suing to block Paramount's $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and cable television, harming theaters and pay TV distributors. The lawsuit is a serious threat to Paramount CEO David Ellison's bid to transform his company into a major competitor to Netflix and Disney. "With this lawsuit, California and our sister states are fighting for free and fair markets, not rigged markets. Americ…
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