Paramount Skydance/Warner Bros. Discovery: A Closer Look at Potential State AG Theories of Harm, Litigation Risk

Paramount Skydance (PSKY) in the days since inking its $81 billion agreement to acquire Warner Bros. Discovery (WBD) has projected “absolute” confidence in the deal’s closing prospects. But that confidence is in some tension not only with the politics surrounding the transaction, but also with the facts and the law, Capitol Forum analysis indicates…