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Judge says Paramount and Warner must halt merger for at least two weeks, granting states’ request
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The Flag – AM 1100 and FM 92.3 WZFG
NEW YORK (AP) — A federal judge on Monday ordered Paramount and Warner Bros.
Discovery to halt their $81 billion merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court.
The states’ top prosecutors called on Warner and Paramount to not close the transaction until after a court had time to “fully evaluate” their claims.
Warner’s HBO Max, fan favorites like “Harry Potter” and even CNN would come under the same roof of Paramount-owned CBS, movies like “Top Gun” and the Paramount+ streaming service.
It’s the product of the president’s engagement in private business affairs,” New York Attorney General Letitia James said on a webinar about the states’ case last week.