The fight to stop a Hollywood megamerger is far from over

The Justice Department approved the tie-up between Paramount Skydance and Warner Bros. Discovery, but states can still sue to block it.

Paramount Skydance CEO David Ellison’s bid to take over rival Hollywood studio Warner Bros. Discovery moved closer to the finish line last week after the Justice Department signed off on the $110 billion deal. Paramount swiftly vowed to finalize the merger “as soon as possible.”

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But in the eyes of California’s top law enforcement official, the show isn’t over.

“The merger of Warner Bros and Paramount is not a done deal and remains under investigation by my office,” California Attorney General Rob Bonta said Friday.