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California and 11 US states object to Warner Bros. acquisition

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  • California and 11 US states objected to the Warner Bros. acquisition.
  • State administrations argue that the merger will reduce competition in the cinema and TV market.
  • Paramount states that the acquisition was approved by the US Department of Justice and other authorities.
  • Paramount announced that it will continue to strive for the official completion of the merger process.

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12 US states11 states1 acquisition transaction

12 US states, including California, have filed a legal objection to the major acquisition made by Warner Bros. State officials are concerned that the merger in question will negatively affect competition in the cinema and television market.

In response, Paramount points out that the transaction has already been approved by the US Department of Justice and other regulatory authorities, maintaining its determination regarding the process. The company announced its intention to fight for the completion of the merger.

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Why was there an objection to the Warner Bros. acquisition?
12 states took action on the grounds that this transaction would reduce competition in the cinema and television sectors.
Which state leads the objecting states?
California stands out as one of the leading states in the legal objection process, which involves a total of 12 states.
What does Paramount plan to do against these objections?
Paramount, noting that the acquisition was also approved by the US Department of Justice, will continue to insist on completing the transaction.

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