Democratic state attorneys general are preparing an antitrust lawsuit to block Paramount Skydance’s acquisition of Warner Bros. Discovery.
Participating states are currently seeking outside counsel to litigate the coordinated challenge.
The legal threat follows Senate Democrats' calls for an FCC investigation into the deal's foreign funding.
Regulators are specifically examining potential influence from entities in China and the Gulf states.
This multi-state action creates significant regulatory uncertainty for the completion of the transaction.