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Paramount agrees to pause merger during California court case

posted by Kristi Wachter on

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Paramount has agreed to pause its merger with Warner Bros., putting the $110 billion blockbuster acquisition on hold until next year.
Excerpt

The lawsuit, filed in the San Francisco-seated U.S. District Court for the Northern District of California, brings together 12 states led by Democratic attorneys general. It alleges the merger violates a section of the Clayton Act that bars mergers that substantially lessen competition or create a monopoly.

The Writers Guild of America also filed a similar lawsuit seeking to block the merger on antitrust grounds.

Source
WWTI - InformNNY.com
Author
Brett Stover
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