Paramount-Warner Bros. merger temporarily blocked by judge amid lawsuit

Global News (Canada)

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.

Twelve states, led by California, sued to block Paramount’s pending buyout of Warner last week, alleging that such a combination would 'extinguish competition' in Hollywood. ...

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Paramount-Warner Bros. merger temporarily blocked by judge amid lawsuit

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