Federal Judge Grants Temporary Restraining Order Blocking Paramount-Warner Bros. Discovery Merger (2026-07-20)

A federal judge in the Northern District of California grants a temporary restraining order blocking Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, halting the merger pending further antitrust review. The court finds the states are likely to succeed on their claim that the combined entity would possess 27% market share in theatrical distribution.