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A federal judge has temporarily halted Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery through August 3, ruling that a coalition of US states has made a strong case that the merger would reduce competition and harm consumers.
California and eleven other states have filed a federal lawsuit challenging Paramount's proposed $110 billion acquisition of Warner Bros. Discovery, contending the deal would create an uncompetitive media giant capable of raising prices for consumers.
Comcast's Sky is acquiring Britain's ITV for £1.6 billion in a landmark deal that will reshape British television and create a competitor to global streaming giants, though it faces regulatory scrutiny.