Judge says Paramount and Warner must halt merger for at least two weeks, granting states' request

A federal judge ordered Paramount and Warner Bros. Discovery to pause their $81 billion merger for at least two weeks, granting 12 states led by California more time to challenge the deal. The states allege the merger would reduce competition in Hollywood and limit consumer choices, particularly for moviegoers and cable customers. The judge granted a temporary restraining order, which could lead to a preliminary injunction to block the transaction.