Paramount Skydance ordered to pause Warner Bros acquisition through August 3

A federal judge ordered Paramount Skydance to pause its $110 billion acquisition of Warner Bros. Discovery through August 3 after California and 11 states argued the merger would reduce competition in film distribution. The judge found a strong case that the combined company would control 27% of widely-released film distribution, with an August 3 hearing to decide whether to extend the pause throughout the lawsuit.

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