By Gene Maddaus, Todd Spangler
Getty Only a few days ago, the states’ antitrust challenge to the Paramount-Warner Bros. merger still looked like a speed bump.
Now, it looks more like siege warfare — as Paramount has agreed to put the $111 million deal on hold for at least several months. In doing so, Paramount’s lawyers have effectively conceded that they were not likely to prevail in an upcoming fight over an injunction and will instead try to beat the states at trial.
Originally reported by Variety. Read the full story at the original source.
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