“Block the Merger”: California AG Rob Bonta on 12 States Suing to Stop Paramount-Warner Mega Deal
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Twelve Democratic-led states led by California sued this week to block Paramount Skydance’s $111 billion acquisition of Warner Bros. Discovery. Paramount is run by David Ellison, whose father, Larry Ellison, is the billionaire founder of Oracle and a prominent ally and financial backer of President Donald Trump. Under the proposed deal, CNN and CBS News, streaming services HBO Max and Paramount+, as well as film and television studios, would all be combined under a single entity controlled by the Ellisons. The states’ lawsuit comes after the Trump administration approved the megamerger last month.
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