Twelve US states sue Paramount to block Warner Bros merger
The states claim the $110bn acquisition would limit competition in the TV and film industries.

The states claim the $110bn acquisition would limit competition in the TV and film industries.





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Netflix declined to raise its proposal to match a higher one from Paramount for Warner Bros.
If Warner’s board changes course and deems Paramount’s latest offer superior, Netflix will be able to revise its bid.
Federal Communications Commission faces backlash after comedian Stephen Colbert blamed its rules for scuttled interview.
The Warner Bros Discovery board says it remains committed to the Netflix deal.
The Ellison-backed US media giant offered a so-called ticking fee for each month the deal fails to close.
Critics say such actions and increasing corporate ownership of media is causing a backsliding in US media freedom.
The network is set lean into podcasters bringing on more controversial conservative leaning voices.
The Ellison-owned media giant will now give investors until February 20 to consider its bid.
The switch in its offer comes as Paramount Skydance has campaigned that its bid is superior to Netflix’s.
WBD board says the offer ‘remains inadequate’ as some investors push back.