A court issued a temporary restraining order freezing the deal for a short period. Next, it will consider whether to issue a preliminary injunction, which will prevent Paramount from closing until the case is decided.

A judge on Friday heard arguments on the states' bid to pause the Paramount-Warner Bros. Discovery merger, but did not issue a ruling.

A court on Friday considered whether to issue a temporary restraining order that would freeze the Warner Bros. deal for a short period. Paramount still intends to close by the end…

California and eleven states secured a pause on Paramount's acquisition of Warner Bros. Discovery. They argued the massive media merger would harm competition and raise prices. …

A federal judge on Monday ordered Paramount and Warner Bros