Twelve states led by California had obtained temporary restraining order blocking merger from closing for 28 days
Paramount ?Skydance ?has agreed to ?pause its $110bn acquisition ?of ?Warner ?Bros ?Discovery until a ?ruling on several states’ challenge ?to the deal, or ?until 1 June ?2027, according ?to court ?papers ?filed ?on Friday.
A group of 12 US states headed by California obtained a temporary restraining order this week that blocked the merger from closing for 28 days, pending the outcome of a motion for a preliminary injunction.
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