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The State of California v. Paramount Skydance Corporation

Order on Stipulation — Document #170

District Court, N.D. California


Description

ORDER by Judge Araceli Martinez-Olguin in case 4:26-cv-03790-AMO; granting (169) Stipulation Not to Close in case 4:26-cv-07116-AMO; granting (71) Stipulation Not to Close in case 4:26-cv-07212-AMO. (ahm, COURT STAFF) (Filed on 7/24/2026) (Entered: 07/24/2026)

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         Case 4:26-cv-07116-AMO    Document 170    Filed 07/24/26     Page 1 of 11



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12                           UNITED STATES DISTRICT COURT
                           NORTHERN DISTRICT OF CALIFORNIA
13                                OAKLAND DIVISION
14

15
     THE STATE OF CALIFORNIA, et al.,
16
                                  Plaintiffs,
17                                              Case No. 4:26-cv-7116-AMO
                    v.                          Case No. 4:26-cv-7212-AMO
18

19   PARAMOUNT SKYDANCE CORP. et. al.,          STIPULATION AND [PROPOSED] ORDER
                                                NOT TO CLOSE
20                                Defendants.
21
     WRITERS GUILD OF AMERICA, WEST.,
22   INC., et al.,
23                                Plaintiffs,
24                V.

25   PARAMOUNT SKYDANCE CORP., et. al.,
26                                Defendants.
27

28

                                                     STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                                    CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
           Case 4:26-cv-07116-AMO            Document 170      Filed 07/24/26      Page 2 of 11



 1         WHEREAS, on July 13, 2026, Plaintiffs the State of California, the State of Arizona, the State of
 2   Colorado, the State of Connecticut, the Commonwealth of Massachusetts, the State of Minnesota, the
 3   State of Nevada, the State of New Jersey, the State of New Mexico, the State of New York, the State of
 4   Oregon, and the State of Washington (collectively, the “Plaintiff States”) filed the action, The State of
 5   California v. Paramount Skydance Corp., 4:26-cv-7116-AMO (State of California), seeking to
 6   permanently enjoin Defendant Paramount Skydance Corporation’s (“Paramount”) acquisition of
 7   Defendant Warner Bros. Discovery Inc. (“Warner Bros.”) (the “Transaction”), as a violation of Section 7
 8   of the Clayton Act, 15 U.S.C. § 18. Plaintiff States further moved for a temporary restraining order to
 9   temporarily enjoin the transaction. (Dkt. No. 27).
10         WHEREAS, on July 14, 2026, Plaintiffs Writers Guild of America, West, Inc., and Writers Guild
11   of America, East, Inc., (collectively, the “WGA Plaintiffs”) filed the action, Writers Guild of America,
12   West, Inc. v. Paramount Skydance Corp., 4:26-cv-7212-AMO (Writers Guild), also seeking to
13   permanently enjoin the Transaction as a violation of Section 7 of the Clayton Act, 15 U.S.C. § 18.
14         WHEREAS, on July 20, 2026, the Court granted Plaintiff States’ motion for a temporary restraining
15   order in the State of California matter, issued the operative temporary restraining order temporarily
16   enjoining the Transaction, and set a briefing schedule on a motion for preliminary injunction to be heard
17   on August 3, 2026. (Dkt. No. 141).
18         WHEREAS, on July 22, 2026, the WGA Plaintiffs filed a motion for preliminary injunction (Dkt.
19   No. 58), as well as a motion to shorten time on the motion for preliminary injunction seeking to align the
20   motion for preliminary injunction briefing in Writers Guild with the motion for preliminary injunction
21   briefing in State of California. (Dkt. No. 60).
22         WHEREAS, on July 23, 2026, the Court issued an Order re Scheduling and Extending Temporary
23   Restraining Order in State of California (Dkt. No. 166) and Order re Scheduling in Writers Guild (Dkt.
24   No. 63), aligning the briefing schedule on the motions for preliminary injunction in both matters, finding
25   good cause to extend the temporary restraining order to August 17, 2026, and ordering the parties to meet
26   and confer to reach consensus on the path forward in resolving the two motions for preliminary injunction.
27         WHEREAS, on July 23, 2026, and July 24, 2026, the parties met and conferred to discuss the
28   scheduling of these matters.
                                                          1
                                                                 STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                                                CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
           Case 4:26-cv-07116-AMO             Document 170       Filed 07/24/26      Page 3 of 11



 1         THEREFORE, IT IS HEREBY STIPULATED by the parties through their respective counsel, that:
 2           1.      The transaction at issue in State of California and Writers Guild shall not close, be
 3   consummated, or otherwise be completed and Defendants will not take any steps, directly or indirectly,
 4   to integrate or consolidate their operations pursuant to the Transaction until the earlier of (1) five days
 5   after the merits determination in these matters, or (2) June 1, 2027. This stipulation and order extends
 6   to Defendants’ agents, officers, servants, employees, attorneys, and other persons who are in active
 7   concert or participation with Defendants.
 8           2.      The briefing deadlines and August 3, 2026 hearing date for Plaintiff States’ motion for
 9   preliminary injunction are cancelled. The WGA Plaintiffs’ motion for preliminary injunction is
10   withdrawn. Plaintiff States and WGA Plaintiffs will be permitted to file motions for preliminary
11   injunction orders, if necessary, at a later date.
12           3.      This stipulation shall not waive or modify any rights, schedules, or deadlines of any party
13   relating to any post-judgment appeal, including any injunctive relief pending appeal.
14           4.      This stipulation is without prejudice to any party’s claims, defenses, arguments, or
15   positions in this action.
16           5.      The parties will submit a joint statement in each of their respective cases regarding the
17   scheduling of the trial in each matter by Friday, July 31, 2026.
18

19   IT IS SO STIPULATED, THROUGH COUNSEL OF RECORD.
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                                                           2
                                                                   STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                                                  CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
         Case 4:26-cv-07116-AMO          Document 170     Filed 07/24/26       Page 4 of 11



 1
     By: /s/ Jeffrey L. Kessler                        FOR PLAINTIFF STATE OF CALIFORNIA:
 2   Jeffrey L. Kessler (pro hac vice)
     WINSTON TAYLOR LLP                                ROB BONTA
 3   200 Park Avenue                                   Attorney General of California
     New York, NY 10166-4193
 4   Telephone: (212) 294-4698                         By: /s/ Ashley Kaplan
     Facsimile: (212) 294-4700
 5   jeffrey.kessler@winstontaylor.com                 PAULA L. BLIZZARD (SBN 207920)
                                                       Senior Assistant Attorney General
 6   Jeanifer E. Parsigian (SBN 289001)                NATALIE S. MANZO (SBN 155655)
     Matthew R. DalSanto (SBN 282458)                  BRENT K. NAKAMURA (SBN 283572)
 7   WINSTON TAYLOR LLP                                Supervising Deputy Attorneys General
     101 California Street, 21st Floor                 DANIEL D. AMBAR (SBN 278853)
 8   San Francisco, CA 94111-5891                      WINSTON H. CHEN (SBN 166959)
     Telephone: (415) 591-1469                         MATTHEW E. DELGADO (SBN 306999)
 9   Facsimile: (415) 591-1400                         NICOLE S. GORDON (SBN 224138)
     jeanifer.parsigian@winstontaylor.com              JENNIFER K. HANE (SBN 275729)
10   matthew.dalsanto@winstontaylor.com                ASHLEY KAPLAN (SBN 293443)
                                                       CASEY KOVARIK (SBN 348032)
11   Conor A. Reidy (pro hac vice)                     DIVYA B. RAO (SBN 292853)
     Kevin B. Goldstein (pro hac vice)                 Deputy Attorneys General
12   WINSTON TAYLOR LLP                                300 South Spring Street, Suite 1702
     300 N. LaSalle Drive                              Los Angeles, CA 90013-1230
13   Chicago, IL 60654-3406                            Telephone: (213) 269-6153
     Telephone: (312) 558-7542                         Fax: (916) 731-3637
14   Facsimile: (312) 558-5700                         Email: Daniel.Ambar@doj.ca.gov
     conor.reidy@winstontaylor.com
15   kevin.goldstein@winstontaylor.com                 RICHARD PARKER (SBN 62356)
                                                       JAMES WEINGARTEN (pro hac vice)
16   Matthew R. Huppert (pro hac vice)                 ADAM DI VINCENZO (pro hac vice)
     WINSTON TAYLOR LLP                                GRANT BERMANN (pro hac vice)
17   1901 L Street NW                                  ANASTASIA PASTAN (pro hac vice)
     Washington, DC 20036-3506                         JULIA MAY (pro hac vice)
18   Telephone: (202) 282-5004                         NATALIE NOGUEIRA (pro hac vice)
     Facsimile: (202) 282-5100                         ALLISON CHESKY (pro hac vice)
19   matt.huppert@winstontaylor.com                    MILBANK LLP
                                                       1101 New York Ave. NW
20   Marguerite Sullivan (pro hac vice pending)        Washington, DC 20005
     Christopher J. Brown (pro hac vice pending)       Telephone: (202) 835-7525
21   LATHAM & WATKINS LLP                              Email: jweingarten@milbank.com
     555 Eleventh Street NW, Suite 1000
22   Washington, DC 20004                              KELLY D. GARCIA (pro hac vice)
     Telephone: (202) 637-2200                         MILBANK LLP
23   Facsimile: (202) 637-2201                         55 Hudson Yards
     marguerite.sullivan@lw.com                        New York, NY 10001
24   christopher.brown@lw.com                          Telephone: (212) 530-5871
                                                       Email: kgarcia@milbank.com
25   Attorneys for Defendant Paramount Skydance
     Corporation.                                      Attorneys for Plaintiff State of California.
26
                                                       FOR PLAINTIFF STATE OF ARIZONA:
27   By: /s/ Daniel M. Petrocelli
     Daniel M. Petrocelli (SBN 97802)                  KRISTIN K. MAYES
28
                                                   3
                                                            STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                                           CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
         Case 4:26-cv-07116-AMO            Document 170    Filed 07/24/26      Page 5 of 11



 1   O’MELVENY & MYERS LLP                              Attorney General of Arizona
     1999 Avenue of the Stars, 8th Floor
 2   Los Angeles, California 90067-6035                 /s/ Allison Weber
     Telephone: (310) 553-6700
 3   Facsimile: (310) 246-6779                          ROBERT A. BERNHEIM (pro hac vice)
     dpetrocelli@omm.com                                Unit Chief Counsel
 4                                                      SARAH PELTON (pro hac vice)
     Peter C. Herrick (pro hac vice)                    ALLISON WEBER (pro hac vice)
 5   O’MELVENY & MYERS LLP                              Assistant Attorneys General
     1301 Avenue of the Americas, Suite 1700             2005 N. Central Avenue
 6   New York, NY 10019-6022                             Phoenix, AZ 85004
     Telephone: (212) 326-2000                           Telephone: (602) 542-3725
 7   Facsimile: (212) 326-2061                           Fax: (602) 542-4377
     pherrick@omm.com                                    Email: consumer@azag.gov
 8
     Julia A. Schiller (pro hac vice)                   Attorneys for Plaintiff State of Arizona
 9   O’MELVENY & MYERS LLP
     1625 Eye Street NW                                 FOR PLAINTIFF STATE OF COLORADO:
10   Washington, DC 20006-4061
     Telephone: (202) 383-5300                          PHILIP J. WEISER
11   Facsimile: (202) 383-5414                          Attorney General of Colorado
     jschiller@omm.com
12                                                      /s/ Bryn A. Williams
     Derek Ludwin (pro hac vice)
13   Henry Liu (pro hac vice)                           BRYN A. WILLIAMS (SBN 301699)
     Ross A. Demain (pro hac vice)                      First Assistant Attorney General
14   COVINGTON & BURLING LLP                            AMY BOWLES (pro hac vice)
     One CityCenter                                     Assistant Attorney General
15   850 10th Street NW                                  1300 Broadway, 10th Floor
     Washington, DC 20001                                Denver, CO 80203
16   Telephone: (202) 662-6000                           Telephone: (720) 508-6000
     dludwin@cov.com                                     Email: Bryn.Williams@coag.gov
17   hliu@cov.com                                                Amy.Bowles@coag.gov
     rdemain@cov.com
18                                                      Attorneys for Plaintiff State of Colorado
     Bernard A. Nigro Jr. (pro hac vice)
19   Kathleen S. O’Neill (pro hac vice)                 FOR PLAINTIFF STATE OF CONNECTICUT:
     FRIED FRANK HARRIS SHRIVER &
20   JACOBSON LLP                                       WILLIAM TONG
     801 17th Street NW                                 Attorney General of Connecticut
21   Washington, DC 20006
     Telephone: (202) 639-7000                          NICOLE DEMERS (pro hac vice forthcoming)
22   Facsimile: (202) 639-7003                          Deputy Associate Attorney General
     barry.nigro@friedfrank.com
23   kathy.oneill@friedfrank.com                        /s/ Julián A. Quiñones Reyes
24   Attorneys for Defendant Warner Bros.               JULIÁN A. QUIÑONES REYES (pro hac vice)
     Discovery, Inc.                                    FRANKLIN KANIN (pro hac vice forthcoming)
25                                                      Assistant Attorneys General
                                                         Office of the Connecticut Attorney General
26                                                       165 Capitol Avenue
                                                         Hartford, CT 06106
27                                                       Telephone: (860) 808-5030
                                                         Email: Franklin.Kanin@ct.gov
28
                                                    4
                                                             STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                                            CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
     Case 4:26-cv-07116-AMO   Document 170    Filed 07/24/26      Page 6 of 11



 1                                         Attorneys for Plaintiff State of Connecticut
 2                                         FOR PLAINTIFF COMMONWEALTH OF
                                           MASSACHUSETTS:
 3
                                           ANDREA JOY CAMPBELL
 4                                         Attorney General of Massachusetts
 5                                         /s/ Anthony W. Mariano
 6                                         ANTHONY W. MARIANO (pro hac vice)
                                           Chief, Antitrust Division
 7                                         WILLIAM L. TWOMEY (pro hac vice)
                                           Assistant Attorney General, Antitrust
 8                                         Division
                                            Office of the Massachusetts Attorney
 9                                          General
                                            One Ashburton Place, 18th Floor
10                                          Boston, MA 02108
                                            Telephone: (781) 835-7990
11                                          Email: Anthony.Mariano@mass.gov
                                                   William.Twomey@mass.gov
12
                                           Attorneys for Plaintiff Commonwealth of
13                                         Massachusetts
14                                         FOR PLAINTIFF STATE OF MINNESOTA:
15                                         KEITH ELLISON
                                           Attorney General of Minnesota
16
                                           /s/ Jon M. Woodruff
17
                                           JAMES W. CANADAY (SBN 368825)
18                                         Deputy Attorney General
                                           ELIZABETH ODETTE (pro hac vice
19                                         forthcoming)
                                           Antitrust Division Manager
20                                         Assistant Attorney General
                                           JON M. WOODRUFF (pro hac vice)
21                                         Assistant Attorney General
                                             445 Minnesota Street, Suite 600
22                                           Saint Paul, MN 55101-2130
                                             Telephone: (651) 300-7425
23                                           Fax: (651) 296-9663
                                             Email: Jon.Woodruff@ag.state.mn.us
24
                                           Attorneys for Plaintiff State of Minnesota
25
                                           FOR PLAINTIFF STATE OF NEVADA:
26
                                           AARON D. FORD
27                                         Attorney General of Nevada
28                                         ERNEST D. FIGUEROA
                                       5
                                                STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                               CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
     Case 4:26-cv-07116-AMO   Document 170    Filed 07/24/26      Page 7 of 11



 1                                         Consumer Advocate
 2                                         /s/ Samantha B. Feeley
 3                                         SAMANTHA B. FEELEY (NV Bar No. 14034)
                                           (pro hac vice)
 4                                         Senior Deputy Attorney General
                                            Office of the Nevada Attorney General
 5                                          100 N. Carson St.
                                            Carson City, Nevada 89701
 6                                          Tel: (775) 684-1100
                                            Email: sfeeley@ag.nv.gov
 7
                                           Attorney for Plaintiff State of Nevada
 8
                                           FOR PLAINTIFF STATE OF NEW JERSEY:
 9
                                           JENNIFER DAVENPORT
10                                         Attorney General of New Jersey
11                                         /s/ Ana Atta-Alla
12                                         ANA ATTA-ALLA (pro hac vice)
                                           Deputy Attorney General
13                                          State of New Jersey
                                            Office of the Attorney General
14                                          Division of Law
                                            124 Halsey Street – 5th Floor
15                                          Newark, NJ 07102
                                            Telephone: (973) 648-6835
16                                          Email: Ana.Atta-Alla@law.njoag.gov
17                                         Attorneys for Plaintiff State of New Jersey
18                                         FOR PLAINTIFF STATE OF NEW
                                           MEXICO:
19
                                           RAÚL TORREZ
20                                         Attorney General of New Mexico
21                                         /s/ Amanda Butler
22                                         AMANDA BUTLER (pro hac vice)
                                           Senior Counsel
23                                         KALISTA M. WILSON (pro hac vice
                                           forthcoming)
24                                         Assistant Attorney General
                                             408 Galisteo St.
25                                           Santa Fe, NM 87501
                                             Telephone: (505) 490-4060
26                                           Fax: (505) 318-1050
                                             Email: KWilson@nmdoj.gov
27
                                           Attorneys for Plaintiff State of New Mexico
28
                                       6
                                                STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                               CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
     Case 4:26-cv-07116-AMO   Document 170    Filed 07/24/26        Page 8 of 11



 1                                         FOR PLAINTIFF STATE OF NEW YORK:
 2                                         LETITIA JAMES
                                           Attorney General of New York
 3
                                           /s/ Elinor R. Hoffmann
 4
                                           ELINOR R. HOFFMANN (pro hac vice)
 5                                         Chief, Antitrust Bureau
                                           AMY MCFARLANE (pro hac vice)
 6                                         Deputy Chief, Antitrust Bureau
                                           PRATIK AGARWAL (pro hac vice)
 7                                         MORGAN FEDER (pro hac vice)
                                           C. WILLIAM MARGRABE (pro hac vice)
 8                                         Assistant Attorneys General
                                           JAYA MANTOVANI (pro hac vice)
 9                                         Attorney General Fellow
                                            New York State Office of the Attorney
10                                          General
                                            28 Liberty Street
11                                          New York, NY 10005
                                            Telephone: (212) 416-8269
12                                          Email: Elinor.Hoffman@ag.ny.gov
13                                         Attorneys for Plaintiff State of New York
14                                         FOR PLAINTIFF STATE OF OREGON:
15                                         DAN RAYFIELD
                                           Attorney General of Oregon
16
                                           /s/ Ian Van Loh
17
                                           TIMOTHY D. SMITH (pro hac vice)
18                                         Attorney-in-Charge
                                           IAN VAN LOH (SBN 280254)
19                                         ALEX DELORENZO (pro hac vice)
                                           Senior Assistant Attorneys General
20                                         Economic Justice Section
                                            Oregon Department of Justice
21                                          100 SW Market St.
                                            Portland, OR 97201
22                                          Telephone: (503) 798-3297
                                            Telephone: (971) 239-7457
23                                          Telephone: (503) 428-9482
                                            Email: tim.smith@doj.oregon.gov
24                                          Email: ian.vanloh@doj.oregon.gov
                                            Email: alex.delorenzo@doj.oregon.gov
25
                                           Attorneys for Plaintiff State of Oregon
26
                                           FOR PLAINTIFF STATE OF WASHINGTON:
27
                                           NICHOLAS W. BROWN
28                                         Attorney General of Washington
                                       7
                                                STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                               CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
     Case 4:26-cv-07116-AMO   Document 170    Filed 07/24/26        Page 9 of 11



 1
                                           /s/ Christina M. Black
 2
                                           JONATHAN A. MARK (pro hac vice)
 3                                         Division Chief, Antitrust Division
                                           CHRISTINA M. BLACK (SBN 300081)
 4                                         BROOKE H. LOVROVICH (pro hac vice)
                                           Assistant Attorneys General
 5                                          800 Fifth Avenue, Suite 200
                                            Seattle, WA 98104-3188
 6                                          Telephone: (206) 464-7744
                                            Fax: (206) 464-6451
 7                                          Email: Jonathan.Mark@atg.wa.gov
                                                   Christina.Black@atg.wa.gov
 8                                                 Brooke.Lovrovich@atg.wa.gov
 9                                         Attorneys for Plaintiff State of Washington
10
                                           By: /s/ Kellie Lerner
11                                         KELLIE LERNER (pro hac vice)
                                           ELLISON A. SNIDER (pro hac vice)
12                                         BENJAMIN B. ALLEN (pro hac vice)
                                           SHINDER CANTOR LERNER LLP
13                                         14 Penn Plaza, Suite 1900
                                           New York, NY 10122
14                                         Telephone: (646) 960-8601
                                           kellie@scl-llp.com
15                                         esnider@scl-llp.com
                                           ballen@scl-llp.com
16
                                           J. WYATT FORE (pro hac vice)
17                                         SHINDER CANTOR LERNER LLP
                                           600 14th Street, NW
18                                         Washington, D.C. 20005
                                           Telephone: (646) 960-8632
19                                         wyatt@scl-llp.com
20                                         DAVID C. BROWNSTEIN (SBN: 141929)
                                           DAVID M. GOLDSTEIN (SBN: 142334)
21                                         FARMER BROWNSTEIN JAEGER
                                           GOLDSTEIN SIEGEL & SHEPARD LLP
22                                         155 Montgomery Street, Suite 301 San
                                           Francisco, CA 94104-2733
23                                         Telephone: (415) 962-2873
                                           dbrownstein@fbjgss.com
24                                         dgoldstein@fbjgss.com
25                                         CHARLES J. LADUCA (pro hac vice)
                                           N. SLADE BOND II (pro hac vice)
26                                         CUNEO GILBERT FLANNERY & LADUCA,
                                           LLP
27
                                           2445 M Street, NW Suite 740
28                                         Washington, D.C. 20037
                                       8
                                                STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                               CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
     Case 4:26-cv-07116-AMO   Document 170     Filed 07/24/26      Page 10 of 11



 1                                           Telephone: (202) 789-3960
                                             sbond@cuneolaw.com
 2
                                             SARAH ROONEY (pro hac vice)
 3
                                             CUNEO GILBERT FLANNERY & LADUCA,
 4                                           LLP
                                             8705 Colesville Road
 5                                           B. 133
                                             Silver Spring, MD 20910
 6                                           Telephone: (301) 518-7428
                                             srooney@cuneolaw.com
 7
                                             MICHAEL J. FLANNERY (SBN: 196266)
 8                                           CUNEO GILBERT FLANNERY & LADUCA,
 9                                           LLP
                                             Two CityPlace Drive
10                                           St. Louis, MO 63141
                                             Telephone: (314) 226-1015
11                                           mflannery@cuneolaw.com

12                                           MATTHEW J. PLATKIN (pro hac vice)
                                             AARON HAIER (pro hac vice)
13                                           PLATKIN LLP
                                             413 Washington Avenue, Unit 174
14
                                             Belleville, NJ 07109
15                                           Telephone: (973) 561-1951
                                             mplatkin@platkinllp.com
16                                           ahaier@platkinllp.com
                                             Attorneys for Plaintiffs the Writers Guild of
17                                           America, West, Inc., and the Writers Guild of
                                             America East Inc.
18

19

20

21

22

23

24

25

26

27

28
                                        9
                                                  STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                                 CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO
          Case 4:26-cv-07116-AMO            Document 170        Filed 07/24/26      Page 11 of 11



 1   PURSUANT TO STIPULATION, the transaction at issue in State of California and Writers Guild shall
 2   not close, be consummated, or otherwise be completed and Defendants will not take any steps, directly or
 3   indirectly, to integrate or consolidate their operations pursuant to the transaction until the earlier of (1)
 4   five days after the merits determination in these matters, or (2) June 1, 2027. This stipulation and order
 5   extend to Defendants’ agents, officers, servants, employees, attorneys, and other persons who are in active
 6   concert or participation with Defendants.
 7

 8   IT IS SO ORDERED.
 9
     Dated: July 24, 2026                                  __________________________
10                                                         ARACELI MARTÍNEZ-OLGUÍN
                                                           United States District Judge
11

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                                                                   STIPULATION AND [PROPOSED] ORDER NOT TO CLOSE
                                                                  CASE NOS. 4:26-CV-07116-AMO, 4:26-CV-7212-AMO


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