California AG Flags Antitrust Scrutiny in Paramount-Warner Bros Merger
TL;DR Summary
California Attorney General Rob Bonta said the state’s Department of Justice has opened an antitrust investigation into Paramount’s Warner Bros. Discovery merger and that the deal has not cleared regulatory scrutiny, even as Netflix walked away from its bid and Paramount Skydance’s $31-per-share offer for Warner Bros. Discovery progressed. Bonta warned that further consolidation could harm California’s economy, consumers, and competition.
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- Eleven US states urge DOJ to thoroughly probe Netflix-Warner Bros. deal Reuters
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