Paramount's acquisition of Warner Bros. Discovery is on hold‎

The bidding war for Warner Bros. Discovery was won by Paramount Skydance, which forced Netflix to drop out. The deal has however been put on hold by a judge. Twelve US state attorneys general requested a temporary restraining order to block Paramount Skydance from closing the deal, and US District Judge Araceli Martinez-Olguin of the Northern District of California granted the request. The deal is now effectively on hold for the next 14 days. On August 3, the judge will hold a hearing on the state attorneys general's motion for a preliminary injunction, which would freeze the deal until...