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US courts halt Paramount-Warner deal
The U.S. courts temporarily halted the $81 billion merger between Paramount and Warner Bros. for at least two weeks, following a lawsuit filed by several U.S. states. The lawsuit claims that the deal would eliminate competition in the entertainment industry and reduce options for consumers in Hollywood. The states have called on both companies to refrain from completing the transaction until a final ruling is issued, in order to prevent its potential impact on the market.
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