- Judge issued 14-day restraining order pausing Paramount Skydance’s $110B takeover of Warner Bros. Discovery (WBD); preliminary injunction hearing set for Aug 3 amid multistate antitrust suit.
- California AG and 12 states sued over Warner Bros. Discovery Series A deal, alleging the merged firm could gain a large share of wide‑release theatrical distribution—court cited supporting evidence
- Paramount deal: $0.25 per WBD share quarterly ticking fee if not closed by Sept. 30, plus $7.0B breakup fee if transaction proceeds but is later blocked; 14‑day regulatory pause added.
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Key facts: Judge Pauses $110B Paramount‑Skydance Deal; States Sue, Fees
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Judge issued 14-day restraining order pausing Paramount Skydance’s $110B takeover of Warner Bros. Discovery (WBD); preliminary injunction hearing set for Aug 3 amid multistate anti