Deadline·2 min read·medium
WBD Merger Foes Cheer Legal Delay, Stocks Slide
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Dade Hayes, Jill Goldsmith
✦AI Summary
Shares of Warner Bros. Discovery and Paramount declined following a legal delay in their antitrust lawsuit. The delay, which pushes back the potential merger timeline, has been met with approval from opponents of the deal.
After Friday’s delay in the Paramount-WBD antitrust lawsuit, shares of both media companies slid in after-hours trading, foes of the merger exulted and observers tried to process the latest twist in the merger saga. California Attorney General Rob Bonta hailed the agreement, under which Paramount pledged not close the $110 billion deal before June 1, [...]
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