Paramount Seeks Dismissal of Antitrust Lawsuit Against Warner Bros. Discovery Merger
Paramount has asked a judge to dismiss a consumers' antitrust lawsuit that aims to block its merger with Warner Bros. Discovery. The company described the lawsuit as a "clumsy attempt to politicize antitrust litigation."
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Paramount Wants Lawsuit Seeking to Block Warner Bros. Deal Tossed: ‘Clumsy Attempt to Politicize Antitrust Litigation’
In April, five streaming subscribers filed a federal lawsuit seeking to block Paramount Skydance’s $111 billion deal to swallow up Warner Bros. Discovery on antitrust grounds. Paramount on Thursday (June 3) filed a motion with the court seeking to have the case dismissed, arguing that the plaintiffs’ allegations that the merger violates antitrust laws “do […]
By Todd Spangler
Read full article →Paramount Asks Judge To Dismiss Consumers’ Antitrust Lawsuit Seeking To Block Warner Bros. Discovery Merger
Paramount pushed back on an antitrust lawsuit seeking to sideline its proposed acquisition of Warner Bros. Discovery, deeming the complaint “long on rhetoric and fearmongering” but falling short of stating a viable claim that the deal harms competition. “Antitrust merger litigation is not a sport; it is a serious matter that consumes the resources of […]
By Ted Johnson
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