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Judge issues temporary restraining order in Paramount - Warner Bros. merger
['Mark Richardson']
Latest & Breaking News on Fox News on KTTV
The Brief A judge says Paramount and Warner must halt their merger for at least two weeks.
A federal judge on Monday issued a 14-day temporary restraining order pausing Paramount's proposed $81 billion takeover of Warner Bros.
PREVIOUS COVERAGE: California moves to block massive Warner Bros. and Paramount Hollywood mergerThe states’ top prosecutors called on Warner and Paramount to not close the transaction until after a court had time to "fully evaluate" their claims.
And when the companies refused, they filed for a temporary restraining order — which is what District Judge Araceli Martínez-Olguín granted on Monday.
What's next:The temporary restraining order granted Monday halts the deal from progressing for at least 14 days, although the pause could be extended for up to 28 days.