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“Judge Pauses Paramount, Warner Bros.”
“Discovery days before the deal was expected to close.”
“Discovery after a group of states claimed the merger violated antitrust rules.”
“Justin Sullivan/Getty Images A judge in California has temporarily halted Paramount ’s $111 billion acquisition of Warner Bros.”
“Account Welcome Manage Account Manage Print Account Sign Out Log In Deal or No Deal Judge Halts Paramount, Warner Bros.”
“Merger After States Sue to Block $111 Billion Deal Facebook X google-preferred email Got A Tip?”
“Discovery agreed to an acquisition deal in February, after Paramount beat out Netflix in a high-profile bidding war.”
“(The company had previously said it would not complete the purchase before July 22.) The TRO lasts just 14 days, during which time the judge will hear arguments from both sides over whether to issue a preliminary injunction that would more concretely block the merger as the case moves forward.”