US states could sue next week to block the merger between Paramount Global and Warner Bros. Discovery, according to sources. This was reported by Qazaqyia.kz citing Reuters.
Sources say attorneys general from several states are preparing to file a lawsuit in federal court to block the deal. The move stems from concerns that the merger may violate antitrust laws.
The potential lawsuit could challenge the previously announced deal. While terms of the deal have not been disclosed, the merger could create a major player in the entertainment industry.
The states' legal action could delay or completely block the completion of the deal. This situation may impact competition in the media market.