San Francisco, California – A federal judge in California on Monday ordered Paramount Skydance and Warner Brothers Discovery to temporarily pause their merger while a case brought by multiple states challenging the deal moves forward.
The companies are prohibited from closing their $110 billion deal for 14 days until another hearing is held on August 3 regarding a preliminary injunction, which would prevent Paramount and Warner Brothers from closing the transaction before a final decision is reached.
This is a developing story in progress; check back soon for more updates.
