1 of 1
Story summary
- Judge Araceli Martínez-Olguín issued a restraining order that forced Paramount Skydance to pause its $111 billion bid for Warner Bros. Discovery.
- California Attorney General Rob Bonta and 11 other state attorneys general say the merger breaches a century-old antitrust law.
- If the deal collapses, Paramount would owe $7 million in ticking fees from October and a $7 billion breakup fee.
- A court hearing on Aug. 3 will decide whether to extend the merger moratorium.
