Newsom Raises Concerns Over Antitrust Suit to Block Paramount-Warner Merger
Governor Gavin Newsom says the antitrust case brought by 12 state attorneys general against Paramount’s $111B Warner Bros. Discovery takeover could hurt state employment if blocked. The states allege higher prices and fewer theater releases. Paramount agreed to pause the deal, and a court temporary restraining order was issued and later extended while proceedings continue.