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[BUSINESS] · United States · 100 sources

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Paramount Skydance‑Warner Bros. Discovery Merger Blocked by US Judge

U.S. District Judge Araceli Martínez‑Olguín in Oakland issued a temporary restraining order that pauses the $110‑$111 billion Paramount Skydance acquisition of Warner Bros. Discovery. The order, lasting at least 14 days and potentially extendable to 28 days, was granted after a coalition of twelve state attorneys general – led by California – sued on antitrust grounds, warning that the deal would lessen competition, raise film and cable prices, and lead to job cuts and the sharing of confidential information. The states seek a preliminary injunction, with a hearing set for August 3. Paramount argues the merger would enhance competition and benefit consumers, while the states contend it would create a media behemoth that could “raise prices” and cause “irreversible damage.” The merger agreement includes a penalty of about $7 million per day if the transaction is delayed beyond September 30.

California Attorney General Rob Bonta said, “This is a critical first win in our case to ensure this megamerger never sees the light of day,” underscoring the public‑interest rationale for the court’s action.

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livehouse LOWDOWN [blog.lowdown.main.jp]
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