California AG says Paramount-Warner Bros deal would 'extinguish competition'

Reuters Reuters — 57sec

California Attorney General Rob Bonta announced that his state, along with 11 others, are suing to block Paramount's $110 billion acquisition of Warner Bros, alleging the ‌deal would create a media behemoth with the power to raise prices in film and television.

#california #paramount #warnerbros #media #merger

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