California Attorney General Plants Flag on Paramount-Warner Bros. Merger: “Not a Done Deal”

If the Justice Department and foreign regulators approve the deal, it will be up to state attorneys general to challenge the merger.

27 Feb, 01:59 — 27 Feb, 03:20

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Why this matters

Large media mergers often face intense scrutiny due to potential impacts on market competition, consumer choice, and content diversity. The intervention of a state Attorney General, even after federal and international approvals, highlights the multi-layered regulatory challenges such deals face and the significant power states hold in antitrust enforcement.

Key entitiesRob Bonta Paramount Warner Bros. Discovery California Attorney General's Office Justice Department Skydance

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varietyMostly Factual180d ago

California Attorney General Warns Paramount That Warner Bros. Discovery Acquisition is ‘Not a Done Deal’

Rob Bonta, California’s Attorney General, is promising to conduct a “vigorous” review of Paramount Skydance’s acquisition of Warner Bros. Discovery as he warned the companies not to get ahead of the regulatory process in their celebrations. “Paramount/Warner Bros is not a done deal. These two Hollywood titans have not cleared regulatory scrutiny — the California […]

By Cynthia Littleton

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hollywood-reporterMostly Factual180d ago