( April 30, 2026, 19:16 GMT | Official Statement) -- MLex Summary: Paramount Skydance’s proposed $110 billion acquisition of Warner Bros. Discovery violates US antitrust law because it may substantially lessen competition by eliminating a significant rival. Plaintiffs are threatened with loss or damage due to increased prices, reduced production, reduced quality and reduced consumer choice, consumers said in a federal complaint against the companies. They also said Skydance Media’s preceding acquisition of Paramount Global lessened competition and had anticompetitive effects, including increased prices, decreased quality, and decreased consumer choice. Plaintiffs seek an order prohibiting Paramount’s acquisition of Warner Bros. and an order divesting Paramount Skydance of any interest in Paramount Global.See attached file. ...
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