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Multiple state attorneys general are expected to file a lawsuit challenging the merger between Paramount Skydance and Warner Bros. Discovery, CNBC's David Faber reported.
The case for a clean path to closing just got harder. A coordinated multi-state legal challenge is the kind of friction that opens timelines and can force negotiated concessions that reshape the original terms of a deal.
What the challenge signals State attorneys general do not file merger lawsuits casually. Filing costs political capital and requires dedicated staff resources.
It puts an office in the position of litigating against companies with significant legal firepower of their own, and it carries the real risk of public embarrassment if the case fails.
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