Justice Kagan denies last-minute bid to halt Paramount-Warner Bros. merger
Supreme Court Justice Elena Kagan shot down a last-minute emergency application filed by consumers on Monday that sought to halt the Paramount-Warner Bros. merger from closing the following day.
TL;DR
- Justice Elena Kagan rejected an emergency application to stop the Paramount-Warner Bros. merger.
- The application was filed by consumers concerned about anticompetitive effects.
- Previous attempts by the plaintiffs were rejected by lower courts.
- A settlement with 12 Democratic state attorneys general had already been reached.
- The merger is set to close, combining entities like Paramount+, HBO Max, CBS News, and CNN.
- The deal will unite Paramount and Warner Bros. under Skydance's ownership.