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California State AG says the state is taking a close look at the Warner Bros Discovery (WBD) merger with Netflix (NFLX)

The statement from California's Attorney General regarding a close examination of the Warner Bros Discovery and Netflix merger signals potential regulatory scrutiny that could delay or complicate the deal.

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California State AG says the state is taking a close look at the Warner Bros Discovery (WBD) merger with Netflix (NFLX)

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This may raise concerns among investors about the future of similar M&A activity in the media sector, influencing share prices for both companies as well as peers in the entertainment industry.

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