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The antitrust lawsuit could delay the merger after federal approval and before Europe's July 22 decision.

After a steep slide, the global entertainment giant looks cheap next to the market, forcing investors to decide if the discount is an opportunity or a warning sign.

This deal could seriously harm movie theatres.

A merger between Paramount Skydance (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD) is facing new hurdles. In the backdrop of new worries of the merger being approved, Warner Bros. Discovery CEO David Zaslav is cashing out shares. David Zaslav Sells WBD Shares Zaslav is selling shares of the company he leads for the second time this year, cashing in ahead of the highly anticipated merger of two media companies. Zaslav sold 2.18 million shares for $59.47 million, according to a report from

The timing remains tied to the Warner Bros. Discovery acquisition.

A consortium of 12 states led by California sued to block Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery.

Oil prices head north of $80 a barrel, Waller is watching inflation, Apple’s ties with Google likely to strengthen, and more news to start your day.

Led by California, the states argue the deal is anticompetitive, would harm theaters and lead to price increases for TV bundles.

California and 11 other states have filed an antitrust lawsuit seeking to block Paramount Skydance's planned merger with Warner Bros. Discovery. The coalition of state attorneys general argues the deal could reduce competition and harm theaters, television distributors, and audiences. The legal action introduces a new hurdle for NasdaqGS:PSKY in addition to prior regulatory reviews at the federal level. Paramount Skydance, traded as NasdaqGS:PSKY, sits at the center of a consolidating media...

In the latest trading session, Warner Bros. Discovery (WBD) closed at $27.09, marking a +1.88% move from the previous day.

Twelve US states have sued to block Paramount from acquiring Warner Bros. Discovery in a $110bn deal. The states argued cinemas and moviegoers could face higher prices if the merger goes ahead, as Paramount and Warner Bros. currently compete for the best release dates and screens at thousands of cinemas across the US. The lawsuit represents a significant obstacle for the deal, which is seen as one of the biggest media mergers in history.

The company insists it’s fighting the delay for the workers’ sake, but the writers and theater owners just sided with the lawsuit

The multi-state coalition described the merger as creating a 'media behemoth' and 'likely to substantially harm competition.'

The merger "would extinguish competition between Paramount and Warner Bros. and inflict substantial harm on movie theatres, basic cable distributors, and, ultimately, audiences nationwide," 12 state attorneys general allege in a complaint filed Monday.

Consumer stocks were mixed late Monday afternoon, with the State Street Consumer Staples Select Sect

The challenge could delay or derail the $110 billion Warner Bros. Discovery acquisition.

Paramount Skydance's (PSKY) proposed acquisition of fellow media and entertainment giant Warner Bros

California Attorney General Rob Bonta is leading a coalition of 12 attorneys general in filing a lawsuit challenging the acquisition of Warner Bros. by Paramount.

(Updates with Paramount Skydance's statement in the fourth and fifth paragraphs.) Paramount Skyda

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SP

Investing.com -- California Attorney General Rob Bonta on Monday led a coalition of 12 state attorneys general in filing a lawsuit to block Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, arguing the deal would unlawfully reduce competition across the U.S. film and television industry.

State attorneys general from a dozen states including California, New York and Washington filed a lawsuit to block Paramount Skydance's $110 billion takeover of Warner Bros. Discovery.

A coalition of a dozen states alleged the Hollywood merger would boost prices for consumers and lower quality for film and television.

All three major US stock indexes were down in late-morning trading Monday, as the US and Iran exchan

Expect big changes if Paramount secures Warner Bros.

There’s a golden opportunity to play mogul via shares of Warner Bros. Discovery, which agreed to be bought for $81 billion by smaller Paramount Skydance, given the more than 16% upside to the closing price and the companies’ intention to close this quarter.

​📈 Follow our live markets data and coverage. Only slightly less known is that you really shouldn’t invest alongside media deals. News organizations devote way less space to mergers, acquisitions or spinoffs involving toilet paper, paint or breakfast cereal.

Paramount Skydance stock is coming off a steep slide over the past five years, yet on Simply Wall St’s checks it still screens as attractively priced. This puts the recent drawdown and the current valuation signals in clear tension for investors trying to judge what is already reflected in the share price. Over the past 5 years, Paramount Skydance has fallen about 74%, which shows how much long term shareholders have already seen priced out of the stock. The proposed US$110b acquisition of...

Paramount Skydance (PSKY) shares have come under pressure after Arete Research downgraded the stock, citing concerns about the company’s planned $110b acquisition of Warner Bros. Discovery and the potential for a heavy debt load. See our latest analysis for Paramount Skydance. At a share price of $9.41, Paramount Skydance has seen its 7 day share price return fall 9.43% and its year to date share price return fall 28.60%, while the 1 year total shareholder return is down 24.97%. This points...

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