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Judge says Paramount and Warner must halt merger for at least two weeks, granting states' request
Washington Times
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 federal judge on Monday ordered Paramount and Warner Bros.
Discovery to halt their $81 billion merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court. ...
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