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Paramount takeover of Warner Bros paused on orders of judge
Sky News26d agoneutral
Paramount takeover of Warner Bros paused on orders of judge

A judge has ordered a temporary halt to the takeover of Warner Bros Discovery (WBD) by Paramount Skydance, as several US states move to block the deal. The ruling, which applies for 14 days, was handed down by a US district judge ahead of a hearing in August.

Bloomberg30d agoneutral
Netflix Feeds Investor Anxiety With Disappointing Forecast

(Bloomberg) -- Netflix Inc. forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthGoogle Gemini Launch Delayed as Tech Falls

Warner Bros. Discovery (WBD) Faces State Lawsuit Over $110 Billion Merger Pause
Simply Wall St.30d agobearish
Warner Bros. Discovery (WBD) Faces State Lawsuit Over $110 Billion Merger Pause

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...