Paramounts Warner Bros. acquisition to face lawsuit from US States

California, New York, and other unnamed states plan to file a lawsuit to block Paramount Skydance's $110 billion acquisition of Warner Bros. The lawsuit, expected in coming weeks, likely cites antitrust concerns and harm to the film and TV industry. A delay could cost Paramount $6.9 million daily if the deal misses an October deadline. Paramount CEO David Ellison has been working to appease the Trump administration to smooth regulatory clearance.