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Judge Throws Hollywood’s Biggest Media Deal Into Limbo
The Daily Wire
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.
Paramount Skydance Corp’s $110 billion takeover of Warner Bros.
Discovery Inc. is temporarily halted by a federal judge.
On Monday, U.S.
District Judge Araceli Martínez-Olguín paused the merger between the two media giants for 14 days after they hoped to seal the deal on July 22, according to Bloomberg Law.
Fearing that the merger would ...
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