A Megamerger on Life Support: The Paramount Warner Deal Takes a Hit A federal judge has granted a temporary restraining order that pauses the proposed $81 billion merger between Paramount and Warner Bros.
Discovery for at least two weeks. This development is not surprising, given the intense scrutiny the deal has faced from regulatory bodies and lawmakers.
Twelve states, led by California, have been vocal in their opposition to the merger, arguing that it would create a media behemoth with too much power over markets central to American life.