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Judge says Paramount and Warner must halt merger for at least two weeks
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News – Tribune Chronicle
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.
The court has set Aug. 3 as a date for a hearing on the states' preliminary injunction motion, but that schedule could also be pushed back.