A federal judge extended a temporary restraining order pausing the Paramount–Warner Bros. Discovery merger by another two weeks, meaning that the companies won’t be able to close the transaction at least until Aug. 17.
U.S. District Judge Araceli Martínez-Olguín wrote on Thursday that the TRO was extended to give the parties in the case more time to set an extended schedule for legal proceedings.
She wrote that she “finds good cause to extend the TRO on multiple grounds, including the need to resolve two preliminary injunction motions, the parties’ disputes regarding the schedule and the proposed format of the preliminary injunction hearing, and Defendants’ stated willingness to abide by the terms of the TRO for some weeks into the future.”
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