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Court ruling freezes Paramount-Warner Bros. merger for now
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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's owners were hoping they'd be firmly in control of rival Warner Bros.
Discovery by the end of this week.
Monday's temporary restraining order puts that plan on hold. ...
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