A judge has granted a request from a group of state attorneys general to temporarily pause the $110 billion merger between Paramount and Warner Bros. Discovery. US District Judge Araceli Martínez-Olguín stated that the proposed merger is likely to violate antitrust laws based on the new company's market share. The judge also noted that the states demonstrated potential for 'irreparable harm' without a temporary restraining order. The lawsuit was filed by attorneys general from California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington.
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Judge Temporarily Halts Paramount's Acquisition of Warner Bros. Discovery
A US District Judge has granted a temporary restraining order to pause the $110 billion merger between Paramount and Warner Bros. Discovery, citing potential antitrust violations. The ruling follows a lawsuit filed by a coalition of state attorneys general.
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Judge pauses Paramount’s attempt to buy Warner Bros. Discovery
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Judge Temporarily Halts Paramount's Acquisition of Warner Bros. Discovery