Paramount delays Warner Bros. Discovery merger until June 2027
Paramount Skydance has agreed to postpone its planned $110‑$111 billion acquisition of Warner Bros. Discovery. The companies will not close the transaction until either a court decision on antitrust lawsuits filed by a coalition of twelve U.S. states and the Writers Guild of America, or June 1 2027, whichever occurs first. The pause follows a temporary restraining order issued by U.S. District Judge Araceli Martínez‑Olguín after the states argued the merger would substantially lessen competition in theatrical film distribution, streaming services and basic‑cable licensing, potentially raising prices and reducing choices for consumers. Paramount described the agreement as a “significant win” and the fastest way to prove the deal is “good for competition, good for consumers, and good for creators.” The delay may trigger daily merger‑related fees of about $7 million and could ultimately cost Paramount up to $1.7 billion if the transaction is not completed by the stipulated deadlines.