What changed in this update
The delay is intended to give the court time to consider a lawsuit that argues the $111 billion merger violates antitrust laws.
Advertisement
Source coverage
Source reports
CBS
Judge temporarily halts Paramount-Warner Bros. Discovery merger
BBC News – World BBC
Merger deal between Paramount and Warner Bros paused by judge
US court temporarily stops Paramount and Warner Bros merging after 12 states launched legal action.
Guardian
Judge orders pause on Paramount-Warner merger after challenge from 12 states
$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…
Advertisement
Sky News – Front Page Sky
Paramount takeover of Warner Bros paused on orders of judge
A judge has ordered a temporary halt to the takeover of Warner Bros Discovery (WBD) by Paramount Skydance, as several US states move to block the deal.
NYTimes – Business NYT
Judge Temporarily Pauses Paramount-Warner Bros. Deal
The delay is intended to give the court time to consider a lawsuit that argues the $111 billion merger violates antitrust laws.
