Paramount said that it has paused its merger with Warner Bros. Discovery amid an antitrust lawsuit filed by several states aimed at stopping it.

Paramount has asked for a three-day hearing in August to prove the deal bolsters competition. Read more at straitstimes.com. Read more at straitstimes.com.

A group of state attorneys general have challenged the merger in a lawsuit, alleging it would drastically reduce competition and harm consumers.

Paramount said they would halt the merger until either the remedy of its legal battle or June 1, 2027, whichever date comes sooner.