Judge halts Paramount's $111B purchase of Warner Bros. in win for US states

On Monday, a federal judge ordered Paramount Skydance and Warner Bros. Discovery to halt their one-hundred-eleven billion dollar merger—handing a significant victory to 12 states led by California that sued to block the deal. The ruling imposes a temporary restraining order lasting at least 14 days, though it can expand into a preliminary injunction that would block the merger entirely while the case proceeds. Per Ars Technica, the states argue the merger would eliminate competition by combining two of the five major Hollywood studios and two of the five major cable television owners, despite the Trump administration's earlier approval.

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