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Mmastodon WorldLaw & Courts first seen 8 h ago, last 32 min ago, peak #1

California Democrats drop antitrust suit over Paramount-Warner merger

Original: TL;DR: California Democrats have abandoned their antitrust lawsuit against Paramount's $111 billion merger with Warner B

California Democrats have abandoned their antitrust challenge to Paramount's $111 billion merger with Warner Brothers, clearing the way for the deal to move forward without significant conditions. Commentators critical of media consolidation say the withdrawal removes one of the last legal obstacles to a tie-up that drew controversy over its impact on competition in film and streaming.

Why now: A major state lawsuit blocking a huge media merger has been dropped, letting a controversial deal proceed.

California DemocratsParamountWarner Brothers

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