Paramount and Warner Bros. merger hit with temporary restraining order
A California judge granted a temporary restraining order as part of the lawsuit brought by state attorneys general due to antitrust concerns.
AI Summary
A California judge granted a 14-day temporary restraining order halting the proposed $110 billion merger of Paramount and Warner Bros. Discovery, following an antitrust lawsuit led by state attorneys general. The order pauses the deal, which would combine major studios, networks, and streaming services, after Paramount signaled plans to close by July 22. The states may seek further delays, while the merger has already cleared U.S. antitrust review and is under review in the EU and UK.