Warner Bros Discovery is trading 4% down today at $25.79 after a federal judge issued a 14-day temporary restraining order pausing the proposed $110 billion acquisition of the company by Paramount Skydance.
- The legal setback follows a 12-state antitrust lawsuit led by California, introducing significant regulatory uncertainty to the highly anticipated deal.
- The court-ordered pause is weighing on merger optimism and driving renewed selling pressure, even as broader market indices remain mixed.