California-led coalition secures temporary injunction against Paramount-Warner merger

A California court has issued a two-week temporary restraining order against the proposed acquisition of Paramount Global by Skydance Media, following a lawsuit from twelve U.S. states citing antitrust concerns. Multiple sources also report an injunction against a Paramount-Warner Bros. Discovery merger, suggesting potential conflation or parallel legal actions. The ruling creates immediate uncertainty regarding the deal's timeline, with the European Commission's regulatory feedback expected soon.