NewsMeter
Paramount Skydance is anticipating a joint legal challenge from New York and California aimed at blocking its proposed $81 billion merger with Warner Bros. Discovery, according to sources familiar with the matter.
California is expected to lead the action, given the state's role as the headquarters of Hollywood and its outsized stake in the outcome of any major media consolidation.
The Expected Legal Challenge People inside Paramount Skydance have prepared for a coordinated lawsuit from the two states, sources said.
California's anticipated lead role reflects both the geographic concentration of the entertainment industry within its borders and the state's history of aggressive intervention in large corporate transactions it views as harmful to competition or workers.
Keep reading