Judge pauses Paramount’s attempt to buy Warner Bros. Discovery
A US district judge has partially granted a request to temporarily halt the $110 billion merger between Paramount and Warner Bros. Discovery. The decision was made in response to a lawsuit filed by a dozen state attorneys general, who argued that the merger would likely violate antitrust laws. Judge Araceli Martínez-Olguín found that the combined company's market share would likely lead to antitrust violations and that the states could suffer "irreparable harm" without a temporary restraining order. The lawsuit was filed by attorneys general from 12 states, including California, New York, and Washington, among others.
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