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$110 billion in deal value is on hold after a judge paused the Paramount-Warner Bros.
Twelve states sued Paramount, arguing the transaction was unlawful and would produce a company large enough to harm both audiences and the broader media industry.
The 12-state complaint The coalition directed the lawsuit at Paramount and built it on two claims.
The resulting combined company would amount to what the states called a "media behemoth," an entity they argued would damage audiences and the industry at large.
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