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    <title>Aaj TV English News - World</title>
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    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Sat, 06 Jun 2026 15:13:10 +0500</pubDate>
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      <title>US states preparing lawsuit to block Paramount's acquisition of Warner Bros</title>
      <link>https://english.aaj.tv/news/330459932/us-states-preparing-lawsuit-to-block-paramounts-acquisition-of-warner-bros</link>
      <description>&lt;p&gt;&lt;strong&gt;California, New York and other US states are preparing a lawsuit to block Paramount Skydance’s $110 billion acquisition of Warner Bros, sources familiar with the matter told Reuters on Friday.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;The lawsuit is expected to be filed in the coming weeks, the sources said.&lt;/p&gt;
&lt;p&gt;It was not immediately clear which other states would ​join the lawsuit, which would mark the boldest move yet by the states in their effort to be at the forefront ​of US antitrust enforcement.&lt;/p&gt;
&lt;p&gt;California Attorney General Rob Bonta on Thursday criticised what he called President ⁠Donald Trump’s “abdication” of federal antitrust agencies with more resources than the state governments.&lt;/p&gt;
&lt;p&gt;Bonta, a Democrat, has led the charge among states concerned ​about the deal, promising a probe soon after Paramount announced it would acquire Warner Bros, after beating a bid by streaming giant ​Netflix.&lt;/p&gt;
&lt;p&gt;On Friday, a spokesperson for Bonta’s office said California’s investigation remains active but declined to comment further.&lt;/p&gt;
&lt;p&gt;Shares of Warner Bros fell after Reuters first reported the news, and were down 3.6% on Friday afternoon.&lt;/p&gt;
&lt;p&gt;Paramount shares added to losses and were down 6.7%.&lt;/p&gt;
&lt;p&gt;Not all lawsuits seeking to block mergers succeed. ​&lt;/p&gt;
&lt;p&gt;But they can delay the consummation of deals by months if a judge issues an order pausing the merger while ​the case plays out.&lt;/p&gt;
&lt;p&gt;Paramount has agreed to pay shareholders a fee starting in October if the deal has not closed.&lt;/p&gt;
&lt;p&gt;Those fees add ‌up ⁠to around $6.9 million per day, the company said recently.&lt;/p&gt;
&lt;p&gt;Analysts have said Paramount’s political connections and other factors should give it an easier road to regulatory clearance from federal antitrust watchdogs in the US.&lt;/p&gt;
&lt;p&gt;Paramount CEO David Ellison’s father, billionaire Oracle co-founder Larry Ellison, has cultivated ties with Trump.&lt;/p&gt;
&lt;p&gt;The US Department of Justice is likely to decide on the deal soon, according to a ​source familiar with the matter.&lt;/p&gt;
&lt;p&gt;The ​DOJ sent subpoenas in late ⁠March seeking information on how the merger would affect studio output, content rights, streaming competition and movie theatres.&lt;/p&gt;
&lt;p&gt;A Paramount spokesperson said the deal would bring greater competition, and opposing it “means giving ​entrenched incumbents like Netflix an advantage they do not deserve.”&lt;/p&gt;
&lt;p&gt;“We will continue to fight against any ​attempt to derail ⁠a deal that plainly benefits consumers, creators, and the industry as a whole,” the spokesperson said.&lt;/p&gt;
&lt;p&gt;Paramount has pledged to maintain both studios and produce a minimum of 30 theatrical films annually after the deal closes.&lt;/p&gt;
&lt;p&gt;The deal, which would combine two of Hollywood’s four ⁠major studios, ​has drawn criticism from actors, writers and others in Hollywood who fear job losses.&lt;/p&gt;
&lt;p&gt;Theatre ​owners also oppose the combination of the storied Warner Bros movie studio, maker of the “Harry Potter” and “Superman” films, with Paramount Pictures, arguing it will give cinemas fewer ​movies to choose from, eroding competition.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>California, New York and other US states are preparing a lawsuit to block Paramount Skydance’s $110 billion acquisition of Warner Bros, sources familiar with the matter told Reuters on Friday.</strong></p>
<p>The lawsuit is expected to be filed in the coming weeks, the sources said.</p>
<p>It was not immediately clear which other states would ​join the lawsuit, which would mark the boldest move yet by the states in their effort to be at the forefront ​of US antitrust enforcement.</p>
<p>California Attorney General Rob Bonta on Thursday criticised what he called President ⁠Donald Trump’s “abdication” of federal antitrust agencies with more resources than the state governments.</p>
<p>Bonta, a Democrat, has led the charge among states concerned ​about the deal, promising a probe soon after Paramount announced it would acquire Warner Bros, after beating a bid by streaming giant ​Netflix.</p>
<p>On Friday, a spokesperson for Bonta’s office said California’s investigation remains active but declined to comment further.</p>
<p>Shares of Warner Bros fell after Reuters first reported the news, and were down 3.6% on Friday afternoon.</p>
<p>Paramount shares added to losses and were down 6.7%.</p>
<p>Not all lawsuits seeking to block mergers succeed. ​</p>
<p>But they can delay the consummation of deals by months if a judge issues an order pausing the merger while ​the case plays out.</p>
<p>Paramount has agreed to pay shareholders a fee starting in October if the deal has not closed.</p>
<p>Those fees add ‌up ⁠to around $6.9 million per day, the company said recently.</p>
<p>Analysts have said Paramount’s political connections and other factors should give it an easier road to regulatory clearance from federal antitrust watchdogs in the US.</p>
<p>Paramount CEO David Ellison’s father, billionaire Oracle co-founder Larry Ellison, has cultivated ties with Trump.</p>
<p>The US Department of Justice is likely to decide on the deal soon, according to a ​source familiar with the matter.</p>
<p>The ​DOJ sent subpoenas in late ⁠March seeking information on how the merger would affect studio output, content rights, streaming competition and movie theatres.</p>
<p>A Paramount spokesperson said the deal would bring greater competition, and opposing it “means giving ​entrenched incumbents like Netflix an advantage they do not deserve.”</p>
<p>“We will continue to fight against any ​attempt to derail ⁠a deal that plainly benefits consumers, creators, and the industry as a whole,” the spokesperson said.</p>
<p>Paramount has pledged to maintain both studios and produce a minimum of 30 theatrical films annually after the deal closes.</p>
<p>The deal, which would combine two of Hollywood’s four ⁠major studios, ​has drawn criticism from actors, writers and others in Hollywood who fear job losses.</p>
<p>Theatre ​owners also oppose the combination of the storied Warner Bros movie studio, maker of the “Harry Potter” and “Superman” films, with Paramount Pictures, arguing it will give cinemas fewer ​movies to choose from, eroding competition.</p>
]]></content:encoded>
      <category>World</category>
      <guid>https://english.aaj.tv/news/330459932</guid>
      <pubDate>Sat, 06 Jun 2026 12:39:15 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>The Warner Bros. Water Tower is pictured at Warner Bros. Studios in Burbank, California, US. -- Reuters</media:title>
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