MIC Ride Home: Judge Temporarily Blocks Paramount-WBD Deal; Google Plans New Chip to Run AI Models More Efficiently - Rpt; Live Nation Faces Possible UK Competition Investigation

Research evidence excerpt

MIC Ride Home: Judge Temporarily Blocks Paramount-WBD Deal; Google Plans New Chip to Run AI Models More Efficiently - Rpt; Live Nation Faces Possible UK Competition Investigation

Media, Internet & Communications Daily July 20, 2026

TMT Research Guggenheim

GSTMTResearch@guggenheimpartners.com MIC Ride Home: Judge Temporarily Blocks

Michael Morris, CFA Paramount-WBD Deal; Google Plans New Chip to michael.morris@guggenheimpartners.com

804 253 8025 Run AI Models More Efficiently - Rpt; Live Nation

Curry Baker Faces Possible UK Competition Investigation curry.baker@guggenheimpartners.com

804 253 8029

Charles Wilber RELEVANT, TIMELY OPINION, ANALYSIS AND NEWS FLOW FOR TMT

charles.wilber@guggenheimpartners.com INVESTING

804 335 3977

Taylor Manley Key News Flow: PSKY, WBD, GOOG/L, LYV, SNAP, META, TikTok, FOXA, NFLX,

taylor.manley@guggenheimpartners.com AMZN, DIS

804 253 1336

Grayson Glenn KEY NEWS FLOW

grayson.glenn@guggenheimpartners.com

804 253 8053 PSKY, WBD: Judge Temporarily Blocks Paramount-Warner Deal (WSJ) - The $81 billion

merger of Paramount and Warner Bros. Discovery hit its first major speed bump Monday

when a federal judge in California granted a temporary restraining order that prohibits the

companies from closing the deal. The court said that during the pause it would consider

whether the merger should remain blocked, pending the resolution of an antitrust challenge

brought by a dozen states. The 14-day restraining order means Paramount will fall short

on its hopes to have the deal closed before the end of the month. If the court later grants

the states a preliminary injunction, the companies would be barred from closing the merger

while the states’ antitrust lawsuit proceeds. A hearing for a preliminary injunction has been

scheduled for Aug. 3.