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Paramount Warner Deal on Hold | Oakland News

Paramount Warner Deal on Hold | Oakland News

Published 2 weeks, 2 days ago
Description

Paramount’s $81 billion buyout of Warner Bros. Discovery is on ice after a judge slapped a temporary freeze, pushing the closing date to at least June 2027—or later. Twelve states sued, claiming the merger will crush Hollywood competition and limit consumer choice, while Paramount vows to fight back, calling the claims “baseless” and insisting the deal is good for business. The court’s restraining order gives time to weigh the stakes of this massive media consolidation—and the final verdict could reshape the industry.

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