US states preparing lawsuit to block Paramount’s acquisition of Warner Bros

A group of U.S. states including California and New York are preparing a lawsuit to block Paramount Skydance’s PSKY.O $110 billion acquisition of Warner Bros WBD.O, sources familiar with the matter told Reuters on Friday.

The lawsuit would mark the boldest move yet by the states in their effort to be at the forefront of U.S. antitrust enforcement, as their better-funded counterpart agencies in the Trump administration take a more business-friendly view of enforcement....