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Investing.com -- A coalition of states led by California secured a pause on Monday of Paramount’s planned $110 billion acquisition of Warner Bros. Discovery after arguing the merger would cause irreparable harm to competition.

A federal judge on Monday ordered Paramount and Warner Bros. Discovery to halt their $81 billion merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court. Twelve states, led by California, sued to block Paramount’s pending buyout of Warner last week— alleging that such a combination would “extinguish competition” in Hollywood and lead to fewer choices for consumers, particularly moviegoers and cable customers across the U.S. The states’ top prosecutors called on Warner and Paramount to not close the transaction until after a court had time to “fully evaluate” their claims.

A 14-day restraining order halts a deal that would combine two of Hollywood's five major film studios and cable programmers

The 14-day restraining order prohibits the companies from closing the deal as a dozen states challenge it.

By Jody Godoy and Dawn Chmielewski July 20 (Reuters) - A coalition of states led by California won a pause of Paramount's $110 billion acquisition of Warner Bros.

Judge rejects consumers' bid to pause the merger, while larger antitrust lawsuits remain pending.

AEW CEO Tony Khan explains to Yahoo Finance Executive Editor Brian Sozzi why Paramount's move to acquire Warner Bros. Discovery could be a major boost for AEW, and how the combined streaming footprint could put AEW in more homes and expand its live-event business.

When a bond gets stripped of its investment-grade status, pension funds dump it in a panic and prices collapse, which is exactly the moment one ETF swoops in to buy bonds from companies like Nissan and Vodafone at a discount and pocket the yield.

Tennessee is hoping to persuade Paramount to exit California and join the growing number of businesses choosing the Volunteer State over California

Consumer stocks were falling late Friday afternoon, with the State Street Consumer Staples Select Se

A coalition of 12 U. S. states has launched an antitrust challenge against the proposed $110 billion merger between Paramount Skydance and Warner Bros.

Analysts say Netflix is losing control of its own story, and a single line buried in Friday's earnings report about future disclosures is making Wall Street more nervous than the guidance miss itself.

A coalition of 12 state attorneys general, led by California, has filed an antitrust lawsuit to block the proposed Paramount, Skydance, and Warner Bros. Discovery (NasdaqGS:WBD) merger valued at about US$110b. The states have also submitted emergency motions seeking a temporary restraining order, prompting immediate court hearings and a likely pause to the transaction. The filings allege threats to competition and consumer harm, as well as concerns about market concentration and special...

Paramount Skydance’s proposed $110 billion acquisition of Warner Bros. Discovery, Inc. is facing a legal hurdle after a coalition of 12 states filed an antitrust lawsuit seeking to block the deal. 12 States Challenge Paramount-Warner Bros. Merger California, New York,...

Warner Bros. Discovery stock has delivered a 112.4% return over the past year, yet both the Discounted Cash Flow (DCF) intrinsic value estimate and the market multiple checks currently point to the shares trading at a discount to their implied worth. That combination of a strong run and signals of potential undervaluation is pulling more attention to whether recent news around the proposed Paramount merger and shifting advertising revenue is fully reflected in the price. Over the last 12...

Netflix is scheduled to report fiscal second-quarter financial results after the stock market closes on Thursday.

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Executives involved in the pending Paramount–Warner Bros. Discovery deal expect that a judge will hit pause on the takeover plan in the coming days.

The states seek an injunction that could delay the acquisition for months as a federal court weighs their antitrust challenge.

New lawsuit joins states' challenge, raising uncertainty around the proposed media merger's closing timeline.

A 12-state antitrust lawsuit threatens to delay Paramount Skydance's $110 billion merger with Warner Bros. Discovery, exposing both companies' weak balance sheets to costly penalty deadlines.

Larry Ellison peaked as the second person in history to cross $400 billion in net worth, and now two crises are colliding at once: a brutal Oracle collapse and a 12-state legal assault on his son's bid to reshape American media.

The primary reason for the 12-state lawsuit is that a Paramount-WBD combination would curb entertainment content and distribution, putting the TV/movie marketplace into fewer hands. What's the fallout?

Paramount’s merger with Warner Bros. faces antitrust lawsuits, putting $30B in investment and 100M SF in limbo.

The Writers Guild of America became the latest group to challenge Paramount's $81 billion acquisition of Warner Bros. Discovery on Tuesday, filing a lawsuit that seeks to block the merger on the grounds it would cause “specific harm” to movie and TV writers working across the U.S. A Paramount-Warner merger “threatens the economic and creative health of the American entertainment industry,” reads Tuesday's federal complaint, which was filed by both the Writers Guild of America West and Writers Guild of America East (jointly the WGA). “This proposed combined entity would be the largest employer of writers, with tremendous power to suppress our wages, eliminate opportunities for emerging writers, cut jobs across the industry, and produce less programming," WGAE President Tom Fontana said in a statement.

Move by Writers Guild of America comes a day after 12 Democratic-led states sued to stop the merger on antitrust grounds.

(Updates with Paramount's comments in the third and fourth paragraphs.) Paramount Skydance's (PSK

The antitrust lawsuit could delay the merger after federal approval and before Europe's July 22 decision.

Shares of multinational media and entertainment corporation Paramount (NASDAQ:PSKY) fell 2.9% in the afternoon session after a coalition of 12 US states filed a lawsuit seeking to block its proposed $110 billion acquisition of Warner Bros. Discovery.

"If Paramount succeeds in buying Warner Bros., the merged firm will be the largest buyer of original film and television programming in the United States, eliminating vigorous competition from a major film and television studio that has operated for more than a century," Writers Guild of America alleged in a lawsuit filed Tuesday.