Paramount and Warner Bros. Discovery Merger Halted by U.S. Court Ruling
U.S. District Judge Araceli Martínez-Olguín issued a 14-day temporary restraining order on Monday, halting Paramount’s $111 billion acquisition of Warner Bros. Discovery. The ruling follows an antitrust lawsuit from 12 states arguing the merger would stifle competition in film and television, potentially blocking a deal the companies hoped to close this week. The high-stakes consolidation … Read more