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On July 20, 2026, a California federal judge halted the $110 billion acquisition for at least 14 days, extending legal uncertainty around the merger.
A federal judge imposed a 14-day pause, with an Aug. 3 hearing set to review the merger challenge.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
Last week, a coalition of 12 attorneys general filed a lawsuit that challenges the $110 billion acquisition, arguing that the deal.
A federal judge has paused Paramount Skydance's takeover of Warner Bros. Discovery in response to a lawsuit last week from a dozen state attorneys general looking to block the deal on antitrust grounds.
A 14-day restraining order halts a deal that would combine two of Hollywood's five major film studios and cable programmers
The 14-day restraining order prohibits the companies from closing the deal as a dozen states challenge it.
By Jody Godoy and Dawn Chmielewski July 20 (Reuters) - A coalition of states led by California won a pause of Paramount's $110 billion acquisition of Warner Bros.
A coalition of 12 U. S. states has launched an antitrust challenge against the proposed $110 billion merger between Paramount Skydance and Warner Bros.
Analysts say Netflix is losing control of its own story, and a single line buried in Friday's earnings report about future disclosures is making Wall Street more nervous than the guidance miss itself.
(Bloomberg) -- Netflix Inc. forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthGoogle Gemini Launch Delayed as Tech Falls
The company said it would begin to release its viewership report annually, rather than twice a year.
A coalition of 12 state attorneys general, led by California, has filed an antitrust lawsuit to block the proposed Paramount, Skydance, and Warner Bros. Discovery (NasdaqGS:WBD) merger valued at about US$110b. The states have also submitted emergency motions seeking a temporary restraining order, prompting immediate court hearings and a likely pause to the transaction. The filings allege threats to competition and consumer harm, as well as concerns about market concentration and special...
The states seek an injunction that could delay the acquisition for months as a federal court weighs their antitrust challenge.
New lawsuit joins states' challenge, raising uncertainty around the proposed media merger's closing timeline.
A 12-state antitrust lawsuit threatens to delay Paramount Skydance's $110 billion merger with Warner Bros. Discovery, exposing both companies' weak balance sheets to costly penalty deadlines.
The primary reason for the 12-state lawsuit is that a Paramount-WBD combination would curb entertainment content and distribution, putting the TV/movie marketplace into fewer hands. What's the fallout?
Paramount’s merger with Warner Bros. faces antitrust lawsuits, putting $30B in investment and 100M SF in limbo.
Move by Writers Guild of America comes a day after 12 Democratic-led states sued to stop the merger on antitrust grounds.
(Updates with Paramount's comments in the third and fourth paragraphs.) Paramount Skydance's (PSK
The antitrust lawsuit could delay the merger after federal approval and before Europe's July 22 decision.
This deal could seriously harm movie theatres.
A merger between Paramount Skydance (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD) is facing new hurdles. In the backdrop of new worries of the merger being approved, Warner Bros. Discovery CEO David Zaslav is cashing out shares. David Zaslav Sells WBD Shares Zaslav is selling shares of the company he leads for the second time this year, cashing in ahead of the highly anticipated merger of two media companies. Zaslav sold 2.18 million shares for $59.47 million, according to a report from
A consortium of 12 states led by California sued to block Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery.
Led by California, the states argue the deal is anticompetitive, would harm theaters and lead to price increases for TV bundles.
California and 11 other states have filed an antitrust lawsuit seeking to block Paramount Skydance's planned merger with Warner Bros. Discovery. The coalition of state attorneys general argues the deal could reduce competition and harm theaters, television distributors, and audiences. The legal action introduces a new hurdle for NasdaqGS:PSKY in addition to prior regulatory reviews at the federal level. Paramount Skydance, traded as NasdaqGS:PSKY, sits at the center of a consolidating media...
Twelve US states have sued to block Paramount from acquiring Warner Bros. Discovery in a $110bn deal. The states argued cinemas and moviegoers could face higher prices if the merger goes ahead, as Paramount and Warner Bros. currently compete for the best release dates and screens at thousands of cinemas across the US. The lawsuit represents a significant obstacle for the deal, which is seen as one of the biggest media mergers in history.
The multi-state coalition described the merger as creating a 'media behemoth' and 'likely to substantially harm competition.'
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