US States Prepare Antitrust Suit to Block Paramount Skydance's $110 Billion Warner Bros Deal

businessmergers-acquisitionslaw 12 posts · 10 accounts

A group of US states, including California and New York, are preparing a lawsuit to block Paramount Skydance's $110 billion acquisition of Warner Bros., according to sources familiar with the matter. Top lawyers for several states are drafting the legal challenge, laying the groundwork for an antitrust case against the proposed deal.

California is leading the effort and is expected to decide soon whether it will seek to block the transaction. A lawsuit could be filed as soon as this month, though no final decision has been made.

From the sources (12 posts)

@reuters

California to decide soon whether it will seek to block Paramount deal

@firstsquawk

U.S. STATES ARE PREPARING A LAWSUIT TO BLOCK PARAMOUNT'S ACQUISITION OF WARNER BROS

@financialjuice

US states are preparing a lawsuit to block Paramount's acquisition of Warner Bros - sources $PSKY $WBD

@zerohedge

*US STATES PREPARE LAWSUIT TO BLOCK PARAMOUNT-WBD DEAL: REUTERS

@business

The top lawyers for several states are drafting a legal challenge to Paramount's $110 billion deal to buy Warner Bros, laying the groundwork for an antitrust suit over the Hollywood mega-deal

@wallstengine

Several state attorneys general are drafting a potential antitrust lawsuit against Paramount Skydance’s $PSKY $110B deal to buy WBD. California is leading the effort, with ~ 10 states involved. A lawsuit could be filed as soon as this month

@reuters

A group of US states including California and New York are preparing a lawsuit to block Paramount Skydance's $110 billion acquisition of Warner Bros, sources familiar with the matter said

@reutersbiz

A group of US states including California and New York are preparing a lawsuit to block Paramount Skydance's $110 billion acquisition of Warner Bros, sources familiar with the matter said

@yashar

BREAKING via Reuters A group of U.S. states including California and New York are preparing a lawsuit to block Paramount Skydance’s $110 billion acquisition of Warner Bros. Full Story:

@polymarket

JUST IN: California and New York are reportedly preparing an antitrust lawsuit to block Paramount’s $110 billion acquisition of Warner Bros.

@osint613

A group of U.S. states, including California and New York, are preparing a lawsuit to block Paramount Skydance’s $110 billion acquisition of Warner Bros., sources tell Reuters.

@reuters

California to decide soon whether it will seek to block Paramount deal

Market impact

48 medium

WBD PSKY

Why it matters: A multi-state antitrust suit to block the $110B Paramount Skydance-Warner Bros deal raises the odds the transaction fails, widening the merger-arb spread and pressuring the target (WBD) while leaving the acquirer (PSKY) mixed on deal-uncertainty and potential walk-away.

At publish time: Headline names a specific antitrust legal challenge from ~10 states (California, New York) to block a named $110B M&A deal, with a filing possible this month — a direct hit to deal-completion probability.

model confidence: medium

What happened next

1–2 weeks later

fizzled moved up

Block threat faded: DOJ cleared the deal June 12 and EU was set to approve June 24, so deal-failure odds fell, favoring WBD upside not the predicted pressure.

based on follow-up coverage

Follow-up coverage

Jun 9

Paramount Accuses Netflix of 'Scorched-Earth Campaign' Against $110 Billion Warner Bros. Discovery Deal

matched on: deal, paramount, warner
Jun 9

UK Watchdog Opens Formal Review of Paramount-Skydance’s $110 Billion Warner Bros. Discovery Deal

matched on: deal, warner
Jun 11

EU Puts Paramount-Skydance’s $110 Billion Warner Bros. Discovery Deal Under Subsidy Scrutiny, Decision Due July 14

matched on: deal, warner
Jun 12

DOJ Clears Paramount Skydance’s $111 Billion Warner Bros. Discovery Deal

matched on: deal, paramount, warner
Jun 12

Justice Department Clears Paramount’s $111 Billion Warner Bros. Discovery Deal

matched on: deal, paramount, warner
Jun 17

House, Senate Reach Housing Bill Deal to Block Fed From Issuing CBDC Until 2030

matched on: block, deal
Jun 22

Former Tax Officials Ask Court to Block Justice Department Deal Shielding Trump, His Family and Businesses From IRS Reviews

matched on: block, deal
Jun 24

EU Regulators Set to Clear Paramount’s $111 Billion Takeover of Warner Bros. Discovery

matched on: paramount, warner

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