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US court issues injunction blocking Paramount-Warner Bros. Discovery merger
ParkietLO·US·about 10 hours ago
Judge Araceli Martínez-Olguín has issued a temporary 14-day injunction blocking the formalization of the Paramount and Warner Bros. merger. The ruling delays the expected July 22 closing date, signaling potential antitrust scrutiny or procedural challenges to the deal.
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. This injunction creates immediate uncertainty regarding the deal's timeline and viability. The European Commission's regulatory feedback is anticipated.