Federal judge halts Paramount Skydance's $110 billion Warner Bros. Discovery acquisition

A federal judge ordered Paramount Skydance to pause its $110 billion acquisition of Warner Bros. Discovery through 3 August 2026, pending further legal review, Reuters reported on 20 July. The transaction would unite two of Hollywood's legacy studios under one corporate roof — a combination state officials argue could squeeze local theatres by concentrating too much studio power.