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Paramount Skydance Stock Falls to 17-Year Low of $8.56 as Federal Judge Halts $110B Warner Bros. Deal

2026-07-21 03:37:47

WBD-0.03%

On Monday, Paramount Skydance stock fell to a 17-year low of $8.56 after a federal judge issued a temporary restraining order pausing its proposed $110 billion acquisition of Warner Bros. Discovery. Judge Araceli Martínez-Olguín temporarily halted the merger following an antitrust challenge by state attorneys general, finding that the combined company would control approximately 27% of the U.S. wide-release movie market and more than 30% of major theatrical releases. The restraining order pauses the deal for at least two weeks while additional legal proceedings continue.

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