Court Ruling Freezes Paramount-Warner Bros. Merger for Now

In the ruling, U.S. District Judge Araceli Martínez-Olguín granted a 14-day temporary restraining order to pause the acquisition.

Image: Paramount’s owners had hoped to seal a deal to buy Hollywood rival Warner Bros. this week. But on Monday, U.S. District Judge Araceli Martínez-Olguín granted a temporary restraining order pausing the acquisition. SOPA Images/LightRocket via Getty Images

 

David Folkenflik of NPR reports: “Paramount’s owners were planning to have secured firm control of Hollywood rival Warner Bros. Discovery by the end of this week in a blockbuster deal that has the blessing of President Trump’s Justice Department.

A federal judge has instead ground the process to a halt, at least for now. And her ruling on Monday in response to a lawsuit filed by a dozen states suggests Paramount may have some tough sledding ahead in order to get the deal through…”

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