General Discussion

Some of the most powerful state attorneys general in the nation just got eclipsed by five regular citizens in a move to put the brakes on Paramount‘s merger with Warner Bros Discovery.

“The April 23, 2026, stockholder vote materially changed the posture of the proposed acquisition,” says a wide-ranging antitrust filed Thursday in California federal court by five pay-TV and streaming services subscribers. “Before that vote, the transaction remained contingent on Warner Bros. Discovery stockholder approval. After that vote, a major closing condition had been satisfied, and the threatened injury to Plaintiffs became substantially more imminent because the remaining barriers to consummation were principally regulatory and closing-condition barriers rather than stockholder approval.”...