01:04 PM EST, 02/20/2026 (MT Newswires) -- Warner Bros. Discovery's ( WBD ) proposed acquisition by either Netflix ( NFLX ) or Paramount Skydance ( PSKY ) must undergo a "robust" antitrust review, California Attorney General Rob Bonta said in a Friday statement.

"The proposed Warner Brothers transactions must receive a full and robust review, and California is taking a very close look. We are committed to fighting market consolidation that we find unlawful," Bonta said.

Further consolidation in markets central to US economic life does not bode well for consumers or competition, Bonta said, as unchecked consolidation has led to "increased unaffordability, a loss of good-paying job opportunities, and fewer choices for consumers."

Warner Bros Discovery ( WBD ) did not immediately respond to a request for comment from MT Newswires.

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