Paramount-Warner Bros’ $110 billion merger paused by court over antitrust violation fears, delays could cost $1 billion
The planned mega merger of Paramount Skydance Corp. and Warner Bros. Discovery Inc., which would cost $110 billion and threaten to change the landscape of Hollywood, has run into a major legal hurdle. The companies were on the brink of closing the deal this week, but now risk putting the deal on hold for months at a cost that could quickly climb to billions of dollars. Entertainment giant Paramount, is attempting a hostile takeover bid for Warner Bros. Discovery worth $108.4 billion. (Getty Images via AFP) Court pauses Paramount and Warner Bros deal On Monday, a federal judge in the US granted a request from states challenging the deal to pause the tie-up for two weeks, saying it “likely” violates antitrust law. But this could only be the beginning of a long delay. In early August, US District Judge Araceli Martínez-Olguín will hold a hearing in Oakland, California, to determine whether the acquisition should be put on ice pending the outcome of a full trial. Twelve US states, including California, are opposing the deal and …









