California Judge Halts $110B Paramount-Warner Bros. Merger With 14-Day Restraining Order

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A California District Judge signed a temporary restraining order on the $110 billion proposed acquisition of Warner Bros. Discovery by Paramount Skydance on Monday, putting a 14-day pause on the deal. Judge Araceli Martínez-Olguín granted the order following a lawsuit filed by state attorneys general led by California's Rob Bonta, who cited antitrust concerns under the Clayton Antitrust Act. The states argued the merger would give the combined firm substantial market share in theatrical distribution and basic cable programming.
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