Paramount Skydance is trading 4% down at $9.16 after a coalition of 12 state attorneys general filed a lawsuit to block its proposed $110 billion acquisition of Warner Bros. Discovery.
- Led by California Attorney General Rob Bonta, the lawsuit cites antitrust concerns and seeks to halt the merger during court review.
- Investors are reacting to the increased risk of deal delays, legal uncertainty, and potential costs associated with the legal challenge.