Tennessee tries to poach Paramount Skydance from California amid $110B merger fight

Tennessee is attempting to poach Paramount Skydance from California while California sues to block the $110B merger with Warner Bros. Discovery. Simultaneously, Paramount agreed to a request from 12 states to link their federal antitrust case to an existing Paramount+ subscriber suit. This decision means the challenge to the $111 billion merger will likely be handled by Judge Araceli Martinez-Olguin, a Biden appointee who is already presiding over the subscriber litigation.