Comment by bluedevil2k
4 hours ago
States have the ability to sue to block mergers as well as the federal government. See the recent 11 state lawsuit seeking to block the WarnerMount merger.
4 hours ago
States have the ability to sue to block mergers as well as the federal government. See the recent 11 state lawsuit seeking to block the WarnerMount merger.
Just a couple of months ago, someone was still suing[1] to block Alaska Air/Hawaiian. This is a merger that already entirely went through. I would predict equal likelihood of some state lawsuit derailing a merger like this.
[1] https://viewfromthewing.com/passengers-demand-court-undo-ala...
There's a pretty clear difference between a lawsuit by 8 individuals, vs one filed by attorneys general representing a combined ~100m people.
If it isn’t red states the current admin won’t care at all. If it’s mostly or entirely blue states, they’ll just default to siding with the merger out of spite.
Sure they have ability, they are just not doing it often enough
Which is funny because regardless of whether or not those states succeed in blocking the merger, those legacy video entertainment businesses will become irrelevant whether they are one business or two, due to the fierce competition from TikTok/Instagram/Reddit/Youtube/Whatsapp/computers/anything on the internet in general.
It's probably the most inconsequential merger, from a consumer standpoint.