MarketPR
A judge has suspended the proposed $110 billion merger between Paramount (PARA) and Warner Bros.
(WBD), clearing space for a multistate lawsuit alleging the combination would damage movie theaters, basic cable distributors, and audiences. The deal cannot close while the pause holds.
The court calendar now controls what the companies cannot.
What the states are arguing The lawsuit comes from a coalition of states and targets three segments of the distribution chain: movie theaters, basic cable distributors, and the audiences both pipelines serve.
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