Judge Temporarily Pauses Paramount-Warner Bros. Deal
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.
The delay is intended to give the court time to consider a lawsuit that argues the $111 billion merger violates antitrust laws. ...
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