Judge says Paramount and Warner must halt merger for at least two weeks, granting states' request

A federal judge has 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. The judge issued her order Monday. 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. Paramount, which was bought out by Skydance just last year, has called the states claims meritless and vows to “vigorously defend” its acquisition.