Paramount backs pause on Warner Bros. merger as antitrust fight intensifies
Paramount Skydance offered to delay its $111-billion merger with Warner Bros. Discovery at least until mid-August while 12 state attorneys general sue to block it on antitrust grounds, arguing the deal would harm competition across wide-release films, blockbuster films and cable TV. Judge Araceli Martínez-Olguín will decide by Wednesday whether to issue a temporary restraining order, with the possibility of a longer preliminary injunction that could push the deal out for months. Paramount argues the states haven’t shown likely harm and is represented by Jeffrey L. Kessler, while California AG Rob Bonta leads the suit; the hearing drew multiple state attorneys general and industry figures, and stock moves reflected the heightened tension.
- Paramount offers to briefly delay Warner Bros. merger as court battle heats up Los Angeles Times
- This is how Tennessee tries to woo Paramount and other companies away from California Los Angeles Times
- Everybody’s Suing Paramount This Week Gizmodo
- California AG Rob Bonta says a CNN spin-off wouldn’t resolve Paramount–WBD lawsuit CNN
- Paramount shareholder sues Ellisons, alleging ‘illegal’ Trump deal The Hill
Reading Insights
0
8
4 min
vs 5 min read
87%
848 → 112 words
Want the full story? Read the original article
Read on Los Angeles Times