Judge orders pause on Paramount-Warner merger after challenge from 12 states
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$81bn merger halted for at least two weeks after US states sued to block deal, saying it would ‘extinguish competition’ A federal judge on Monday ordered Paramount and Warner Bros Discovery to halt their $81bn merger for at least two weeks, allowing states that are challenging the deal more time to see their case throu
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- Culture | The Guardian — Read original article
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- Topic
- Finance
$81bn merger halted for at least two weeks after US states sued to block deal, saying it would ‘extinguish competition’ A federal judge on Monday ordered Paramount and Warner Bros Discovery to halt their $81bn merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court.
Twelve 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, particularly moviegoers and cable customers across the US.
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