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The Economic Times

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California, 11 states suing to block Paramount's $110 billion Warner Bros deal

California and eleven states are suing to block Paramount's acquisition of Warner Bros. Discovery. They allege the deal would lessen competition in film distribution and cable television markets. This lawsuit poses a serious threat to Paramount's bid to compete with Netflix and Disney. Paramount claims the deal will allow more film production after job cuts. The Justice Department has cleared the deal, citing no competition problems.

13 Jul 2026 9:23 pm