Judge Pauses Paramount Skydance's $110B Warner Bros. Discovery Deal

A federal judge issued a 14-day temporary restraining order on July 20, 2026, halting Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery. Twelve state attorneys general, led by California's Rob Bonta, argue the merger would reduce competition in film distribution and cable licensing. The DOJ closed its investigation without challenge in June.