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

A group of 12 state attorneys general allege the Paramount-Warner Bros. merger would violate antitrust laws and are seeking a preliminary injunction to halt the deal. Here's a…

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.

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