US judge suspends Paramount’s acquisition of Warner Bros
A federal judge in California on Monday ordered Paramount Skydance and Warner Bros Discovery to temporarily pause their merger while a case brought by multiple states challenging the deal moves forward.
The companies are prohibited from closing their US$110 billion deal for 14 days until another hearing is held on August 3 regarding a preliminary injunction, which would prevent Paramount and Warner Bros from closing the transaction before a final decision is reached.
The states raised “serious...
Judge Halts Paramount-Warner Bros. Merger
- Paramount–WBD merger on pause. So, what now? 📹 CNN — · 1min
- Judge halts Paramount-Warner’s $81 billion merger for two weeks after states warn it would ‘extinguish competition’ Fortune —
- Judge Orders Temporary Block of Paramount Warner Bros. Merger CNET —
- US judge pauses Paramount-Warner Bros deal over 'serious questions' The National (UAE) —
- Merger deal between Paramount and Warner Bros paused by judge BBC News —