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Paramount's WBD deal is on pause after judge orders a merger delay
Business Insider
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 issued a temporary restraining order stopping Paramount Skydance's acquisition of WBD after a lawsuit by California and 11 other states. ...
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