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Paramount-Warner Bros. Merger Paused As States’ Challenge Proceeds
The Hollywood Reporter
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 court issued a temporary restraining order freezing the deal for a short period.
Next, it will consider whether to issue a preliminary injunction, which will prevent Paramount from closing until the case is decided. ...
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