Analyst Price Targets — WBD
Latest News for WBD
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.
The delay is intended to give the court time to consider a lawsuit that argues the $111 billion merger violates antitrust laws.
The 14-day restraining order prohibits the companies from closing the deal as a dozen states challenge it.
A judge on Monday halted Paramount's $110 billion acquisition of Warner Bros. Discovery, after a group of 12 Democratic attorneys general led by California sued to block the deal, arguing it would harm consumers and reduce competition.
A judge just issued a temporary restraining order pausing Paramount Skydance's acquisition of WBD. California and 11 other states filed a lawsuit against Paramount over its WBD deal.
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