States’ antitrust push stalls Paramount-WBD deal ahead of trial
Paramount’s $110 billion bid to acquire Warner Bros. Discovery is blocked by a states-led antitrust challenge led by California, with a March trial looming; despite global regulatory clearance, California and 11 other states seek structural remedies (potential divestitures of pay-TV assets) and have pressed for concessions such as 30 films per year and 45-day theatrical windows, while Paramount has floated relocation as a pressure tactic, keeping the deal uncertain amid ongoing talks and cost concerns from delays.