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Paramount and Warner Bros. merger hit with temporary restraining order
CNBC Top News
ONP Summary
After 12 states sued challenging the deal as anticompetitive, a federal judge halted the $110 billion Paramount-Warner Bros. merger. The court froze the transaction temporarily and will rule whether to maintain the freeze through preliminary injunction pending the lawsuit's outcome.
A California judge granted a temporary restraining order as part of the lawsuit brought by state attorneys general due to antitrust concerns. ...
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