13 Hrs
Source:
Los Angeles Times
Judge halts Paramount Warner Bros deal
A federal judge has temporarily blocked Paramount Skydance’s $111-billion merger with Warner Bros. Discovery, ruling that the deal raises serious antitrust concerns. The order, granted by District Judge Araceli Martínez-Olguín, pauses the merger for 14 days to allow further review amid opposition from 12 state attorneys general, led by California's attorney general. The court will decide by next week whether to extend the suspension, with the coalition arguing that the merger could harm competition in the entertainment industry.
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