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Judge hits brakes on Paramount, Warner Bros. Discovery merger
The Hill
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 judge in California has put Paramount's planned takeover of Warner Bros.
Discovery on hold while the court considers a sweeping antirust lawsuit challenging the multibillion-dollar transaction, which was brought against the company last week.
Judge Araceli Martínez-Olguín granted a request from California Attorney General Rob Bonta that the merger be paused for two weeks while...
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