A federal judge has granted a temporary restraining order that will pause Paramount’s merger with Warner Bros. Discovery for 14 days. The order is in respond to a lawsuit filed by California Attorney General Rob Bonta and 11 other states, claiming that the merger violates antitrust laws. U.S.
California District Judge Araceli Martínez-Olguín approved a temporary restraining order, putting a 14-day pause on the Paramount-Warner Bros. Discovery merger.
On Monday, a federal judge ordered Paramount and Warner Bros. Discovery to halt their $81 billion merger for at least two weeks. This is to allow states that are challenging the deal more time to see their case through in court.
A federal judge on Monday issued a 14-day temporary restraining order pausing Paramount's proposed $81 billion takeover of Warner Bros. Discovery. The order comes after 12 states filed a lawsuit last Monday seeking to block the deal, arguing the merger would eliminate competition in Hollywood and re…