Twelve states led by California had obtained temporary restraining order blocking merger from closing for 28 days
Paramount Skydance has agreed to pause its $110bn acquisition of Warner Bros Discovery until a ruling on several states’ challenge to the deal, or until 1 June 2027, according to court papers filed on Friday.
A group of 12 US states headed by California obtained a temporary restraining order this week that blocked the merger from closing for 28 days, pending the outcome of a motion for a preliminary injunction.
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