BUSINESSFORTUNE
Judge halts Paramount-Warner’s $81 billion merger for two weeks after states warn it would ‘extinguish competition’
A federal judge ordered Paramount and Warner Bros. Discovery to pause their $81 billion merger for two weeks, allowing 12 states to challenge the deal in court. The states argue the merger would reduce competition in Hollywood, harming consumers, while Paramount defends it as pro-competitive. A hearing on a preliminary injunction is set for August 3.
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- Judge says Paramount and Warner must halt merger for at least two weeks, granting states’ request
- Judge says Paramount and Warner must halt merger for at least two weeks, granting states' request
- Judge says Paramount and Warner must halt merger for at least two weeks, granting states' request
- Judge orders Paramount and Warner merger to halt for 2 weeks, granting states' request
- Judge says Paramount and Warner must halt merger for at least two weeks, granting states' request
- Judge says Paramount and Warner must halt merger for at least 2 weeks, granting states' request