Paramount agrees to pause $110bn Warner Bros merger as case plays out
World
Twelve states led by California had obtained temporary restraining order blocking merger from closing for 28 days
Paramount Skydance has agreed to pause its $110bn acquisition of Warner Bros Discovery until a ruling on several states’ challenge to the deal, or until 1 June 2027, according to court papers filed on Friday.
A group of 12 US states headed by California obtained a temporary restraining order this week that blocked the merger from closing for 28 days, pending the outcome of a motion for a preliminary injunction.
To read the full story from the source: The Guardian – International
