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Judge halts $110B Paramount-Warner Bros. merger
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A U.S. district judge issued a temporary restraining order blocking Paramount's acquisition of Warner Bros. Discovery for 14 days.
The order was based on significant antitrust concerns raised by the Department of Justice.
PSKY stock is expected to hit record lows following the ruling.
The merger valued at $110 billion has been temporarily halted pending further review.
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Rajeev Chandrasekhar / Jupiter Capital interests historically