Paramount-Warner Bros. Discovery merger update: Stock prices react as 12 states sue to stop deal

There’s no shortage of drama when it comes to the largest merger in Hollywood history. Earlier this year, Netflix dropped out of its bid to acquire Warner Bros. Discovery (WBD) after Paramount Skydance made an offer that was more attractive to WBD shareholders.  The Paramount-WBD deal has passed some big hurdles, including both companies’ shareholders agreeing to the deal and the U.S. Department of Justice (DOJ) signing off on the merger.  Yet this week, another stumbling block has emerged 12…