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Hollywood Merger Stalled by States | San Antonio News
A federal judge has halted the $81 billion Paramount-Warner Bros. Discovery merger, granting a temporary pause requested by 12 states led by California, who argue the deal would crush Hollywood competition and limit consumer choice. The states’ legal action forced the companies to delay closing, and the court’s restraining order now keeps the merger on ice for at least two weeks, possibly up to 28 days. With studios like HBO Max, CNN, and Paramount+ potentially merging, critics warn of monopolistic control, while Paramount defends the deal as a competitive move. A key court hearing is set for…
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