NPR News·2 min read·medium
Court ruling freezes Paramount-Warner Bros. merger for now
D
David Folkenflik
✦AI Summary
A federal judge has issued a temporary restraining order halting the $111 billion merger between Paramount and Warner Bros. Discovery. The ruling follows an antitrust lawsuit from 12 states arguing the deal would stifle competition in the media and entertainment industry.
Paramount's owners were planning to have secured firm control of Hollywood rival Warner Bros. Discovery by the end of this week.
businessentertainment
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