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US court issues temporary injunction halting Paramount-Skydance merger
La TribuneLO·US·about 8 hours ago
A California court has granted a two-week temporary restraining order halting the acquisition of Paramount Global by Skydance Media following a lawsuit from twelve U.S. states. The ruling creates immediate uncertainty regarding the deal's timeline, with the European Commission expected to provide regulatory feedback on Wednesday.
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A California court has issued a two-week temporary restraining order against the Paramount-Skydance merger following a lawsuit from twelve U.S. states, citing antitrust concerns. This action creates immediate uncertainty regarding the deal's timeline. Reports of an injunction against a Paramount-Warner Bros. Discovery merger are present but lack corroboration from other signals.