Judge pauses Paramount’s attempt to buy Warner Bros. Discovery

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Paramount logo on a pink background.

A judge partially granted the request from a dozen state attorneys general to temporarily place the $110 billion merger of Paramount and Warner Bros. Discovery on hold, as reported by Variety and Reuters. US District Judge Araceli Martínez-Olguín said that based on the new company's market share, "the Court is persuaded that it can presume the proposed merger is likely to violate antitrust laws," and that the states showed "irreparable harm" could occur without a temporary restraining order.

A week ago, California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington sued …

Read the full story at The Verge.



source https://www.theverge.com/business/968055/paramount-wbd-merger-pause-tro

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