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Judge Halts Paramount, Warner Bros. Merger After States Sue to Block $111 Billion Deal
Rolling Stone
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 temporary restraining order was granted, setting up a battle over a more concrete injunction as the states pursue their antitrust case ...
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