The pause on Paramount Skydance’s (PSKY) proposed $110B takeover of Warner Bros. Discovery (WBD) has been extended tot August 17 from August 3 b...

A California judge has issued a temporary restraining order halting the US$110 billion merger deal for 14 days.

Twelve states sued Paramount over the deal, arguing it was unlawful and would “create a media behemoth" that would damage both audiences and the industry in general.

Both sides are jockeying for an edge in preliminary injunction proceedings.