Skip to main content

Paramount agrees to pause merger during California court case

posted by Kristi Wachter on
Paramount has agreed to pause its merger with Warner Bros., putting the $110 billion blockbuster acquisition on hold until next year.
WWTI - InformNNY.com Brett Stover
Excerpt:

The lawsuit, filed in the San Francisco-seated U.S. District Court for the Northern District of California, brings together 12 states led by Democratic attorneys general. It alleges the merger violates a section of the Clayton Act that bars mergers that substantially lessen competition or create a monopoly.

The Writers Guild of America also filed a similar lawsuit seeking to block the merger on antitrust grounds.

posted by Kristi Wachter on

Want more good news?

Find more news about resistance, victories, and hopeful trends: weekly Extra! Extra! posts from Chop Wood, Carry Water; biweekly Just Good News posts from the Americans of Conscience Checklist; and Your Daily Dose of Climate Hope - plus pro-democracy protest photos every day from Today's Edition Newsletter.

October 17 - Vote Early Day

Vote Early - October 17

Join in a national day of voter participation on October 17 - join your neighbors in helping eligible voters understand their options and make a voting plan.

Find events near you

Other things you can do:

Now is a great time to take action.

Take Action

You can make a difference.

It's okay to start small.

Action is the antidote to fear and despair.

Even doing small things - learning more about how we can strengthen our democracy, sharing what you know with others, making a phone call - can make a difference.

Right now is a great time to take action.

Hope

Need hope? Read this.