US states could sue next week to block Paramount’s $110bn Warner Bros deal

A coalition of US states, led by California Attorney General Rob Bonta, could file a lawsuit as early as next week to block Paramount's $110 billion acquisition of Warner Bros. Discovery. This comes despite the Justice Department clearing the merger without conditions after an eight-month review. States are concerned the deal would harm competition, potentially raising streaming subscription prices, reducing content variety, and cutting jobs. The merger would combine two of Hollywood's four major studios. Paramount faces significant financial pressure to close quickly, including a $650 million quarterly ticking fee if the deal doesn't close before October. Oregon's AG has also sought a 60-day delay, and the UK culture secretary has signaled potential intervention.

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