State AGs Sue to Block Paramount Warner Bros. Discovery Merger A dozen state attorneys general have filed a lawsuit to block the merger between Paramount and Warner Bros. Discovery (WBD).
The AGs argue that this deal, like many others before it, will lead to reduced competition, higher prices, and a homogenization of content that harms consumers.
The Clayton Act, which the AGs cite as the basis for their lawsuit, was enacted during the Great Depression to prevent concentration of economic power.