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Court stops buy of Warner Brothers

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Paramount wants to buy Warner Brothers. This costs much money. It is about 111 billion dollar. But 12 states in the USA fight back. They sue against the sale. A judge stops the sale now. The break lasts until August 17.

The states have fear for the competition. Competition means that many firms offer the same goods. Paramount and Warner would be very strong together. They could decide the prices for films. This could harm cinemas and clients. The US government allowed the sale before.

Behind Paramount stands the billionaire Larry Ellison. He supports Donald Trump. Critics have fear for the TV station CNN. CNN belongs to Warner Brothers. They fear that CNN does not report free anymore. Donald Trump wishes a new owner for the station. Netflix wanted to buy Warner Brothers earlier.

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Definitions

Wettbewerb
Competition is the fight between firms for clients. There are fair prices when many firms sell the same things.
Milliardär
A billionaire is a person with very much money. He owns at least 1,000 million dollar.

People

Larry Ellison
He is a very rich man and supports the firm Paramount.
Donald Trump
He is a politician from the United States.

Locations

USA
A big country in North America with 50 states.

Sources

Logo Die Presse
Die Presse

US-Richterin legt Warner-Übernahme bis Mitte August auf Eis

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Logo Spiegel
Spiegel

Paramount: US-Richterin verlängert Stopp der Warner-Übernahme

Read now
Logo Standard
Standard

US-Richterin legte Warner-Übernahme durch Paramount bis Mitte August auf Eis

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Südtirol News

US-Richterin verlängert Zwangspause für Warner-Übernahme

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