A federal judge has temporarily halted the proposed merger between Paramount and Warner Bros. after a coalition of 12 US states argued the deal would violate federal antitrust law.
As reported by Variety, Judge Araceli Martinez-Olguin granted a 14-day temporary restraining order, ruling that the states had raised serious questions about the legality of the transaction.
The decision to halt the merger came after concerns were raised that the deal could harm competition in the film industry. The 14-day temporary restraining order will provide more time to assess the potential antitrust issues before any further steps are taken.
