FinanceGSMArena1 day ago
Judge blocks Paramount Skydance-WBD deal
1 min read
US District Judge Araceli Martinez-Olguin granted a temporary restraining order blocking Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery for 14 days. Twelve state attorneys general, led by California's Rob Bonta, sued July 13 arguing the merger would harm competition. A hearing on a preliminary injunction is set for August 3.
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MobileSyrup leads with the judge pausing the deal, while GSMArena leads with the deal being blocked, playing down the pause.
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