Market Chatter: Paramount's Warner Acquisition Faces Writers Guild of America Antitrust Lawsuit

MT Newswires Live07-15

Paramount Skydance's (PSKY) proposed $111 billion acquisition of Warner Bros. Discovery (WBD) faces a lawsuit by the Writers Guild of America, which alleges the deal violates federal antitrust law and would harm writers, Variety reported Tuesday.

The lawsuit was filed Tuesday in the US District Court for the Northern District of California, the report said.

Paramount and Warner Bros. did not immediately respond to requests for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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