Paramount Skydance’s proposed acquisition of Warner Bros. Discovery has hit a roadblock after a judge temporarily paused the deal in response to a lawsuit filed by a coalition of 12 state attorneys general who argue that the merger would harm competition.
U.S. District Judge Araceli Martínez-Olguín issued a 14-day pause on Monday after hearing arguments from both sides last week. The coalition, which is being led by California Attorney General Rob Bonta, could seek another pause after the 14 days, further delaying the merger.
