Judge pauses Paramount’s attempt to buy Warner Bros Discovery
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 partially granted the request from a dozen state attorneys general to temporarily place the $110 billion merger of Paramount and Warner Bros Discovery on hold, as reported by Variety and Reuters.
US District Judge Araceli Martínez-Olguín said that based on the new company's market share, "the Court is persuaded that it can presume […] ...
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