A federal judge has ordered Paramount and Warner Bros. Discovery to halt their $81 billion merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court. The judge issued her order Monday.
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A federal judge has ordered Paramount and Warner Bros. Discovery to halt their $81 billion merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court. The judge issued her order Monday.
welve states, led by California, sued to block Paramount's pending buyout of Warner last week— alleging that such a combination would "extinguish competition" in Hollywood and lead to fewer choices for consumers.
A federal judge on Monday ordered Paramount and Warner Bros. Discovery to halt their $81 billion merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court.
A federal judge Monday temporarily blocked Paramount from moving forward with a $110 billion merger with Warner Bros. Discovery. The decision came after 12 Democratic-led states, including Oregon, last week sued the company, alleging a merger would violate a federal law prohibiting mergers that less…
A two-week temporary restraining order prevents the deal from happening right now, though further court decisions lie ahead for the proposed $110-billion landmark merger and its challengers
(ABC 6 News)–A federal court has temporarily blocked the $81 billion merger between Paramount and Warner Bros. Discovery, putting the deal on hold for at least two weeks. The court’s decision gives Minnesota and 11 other states more time to continue their lawsuit challenging the merger.
