UPDATED, with state AG and WGA response: Paramount is proposing that a federal judge hold a three-day evidentiary hearing later in August as she weighs whether to issue a preliminary injunction that would halt its acquisition of Warner Bros. Discovery as legal proceedings play out.
U.S. District Judge Araceli Martinez-Olguin issued a temporary restraining order on Monday, halting the transaction for two weeks, while she set a hearing for Aug. 3 on a lengthier preliminary injunction. The order was issued in response to an antitrust lawsuit brought by California and 11 other states last week.
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