started · updated
Paramount Skydance pauses $110 billion Warner Bros. Discovery merger until June 2027
Paramount Skydance and Warner Bros. Discovery have agreed to postpone their proposed $110 billion merger until at least June 1, 2027, or until a federal court rules on the antitrust challenge. The delay follows a temporary restraining order issued by U.S. District Judge Araceli Martínez‑Olguín, which froze the transaction after twelve state attorneys general and the Writers Guild of America filed lawsuits claiming the deal would substantially lessen competition in film and television distribution. Under the agreement, the companies will not close, consummate, or integrate the merger before the earlier of a court decision on the merits or the June 2027 deadline, and the August 3 preliminary‑injunction hearing has been cancelled. The postponement is expected to cost Paramount roughly $7 million per day in fees and could trigger a “ticking” payment of $0.25 per share per day if the deal is not completed by the September 30 deadline. The European Commission has conditionally approved the merger, requiring Paramount to sell its stake in United International Pictures and refrain from new distribution agreements with Universal in the EEA. The parties described the agreement as a victory and a step toward a trial.
Entities
California Attorney General Rob Bonta · European Commission · Paramount Skydance · U.S. District Judge Araceli Martínez‑Olguín · Warner Bros. Discovery
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 12 SOURCES] The deal is valued at about $110 billion including debt. www.world-today-journal.com · www.gadgetgear.nl · pl.ign.com · www.24matins.fr · crooksandliars.com · +6 more
- [● 11 SOURCES] The European Commission approved the merger conditionally, requiring Paramount to divest its stake in United International Pictures and to refrain from new distribution agreements with Universal for a www.world-today-journal.com · www.gadgetgear.nl · pl.ign.com · www.24matins.fr · crooksandliars.com · +5 more
- [● 9 SOURCES] U.S. District Judge Araceli Martínez‑Olguín ordered a temporary suspension of the merger and cancelled the August 3 preliminary‑injunction hearing. www.world-today-journal.com · www.gadgetgear.nl · pl.ign.com · www.24matins.fr · crooksandliars.com · +3 more
- [● 9 SOURCES] The delay follows antitrust lawsuits filed by a coalition of twelve U.S. states and the Writers Guild of America. www.world-today-journal.com · www.gadgetgear.nl · pl.ign.com · www.24matins.fr · crooksandliars.com · +3 more
- [● 11 SOURCES] If the merger is not completed by September 30, Paramount must pay a “ticking fee” of $0.25 per share per day (about $650 million per quarter). www.world-today-journal.com · www.gadgetgear.nl · pl.ign.com · www.24matins.fr · crooksandliars.com · +5 more
- [DISPUTED] Paramount agreed to delay its acquisition of Warner Bros. Discovery until June 1, 2027, or five days after a court ruling. www.world-today-journal.com · www.gadgetgear.nl · pl.ign.com · www.24matins.fr · crooksandliars.com · +3 more
- [● 9 SOURCES] The combined entity would bring together Paramount Pictures, Warner Bros., CBS, CNN, HBO, Showtime, Paramount+, HBO Max and serve over 200 million streaming subscribers. www.world-today-journal.com · www.gadgetgear.nl · pl.ign.com · www.24matins.fr · crooksandliars.com · +3 more
- [● 2 SOURCES] The delay could cost Paramount about $7 million per day in fees. biznes.wprost.pl · english.alsiasi.com
- [● 5 SOURCES] Paramount Skydance agreed to delay its merger with Warner Bros. Discovery until June 1, 2027 or until a court rules on the antitrust case. fr.news.yahoo.com · www.standard-democrat.com · www.mediaplaynews.com · english.alsiasi.com · www.tag24.com
- [● 3 SOURCES] U.S. District Judge Araceli Martínez‑Olguín issued a temporary restraining order freezing the transaction. fr.news.yahoo.com · www.standard-democrat.com · english.alsiasi.com
- [● 2 SOURCES] The parties cancelled the preliminary injunction hearing scheduled for August 3. fr.news.yahoo.com · www.standard-democrat.com
- [● 3 SOURCES] Twelve state attorneys general and the Writers Guild of America filed antitrust lawsuits to block the merger. fr.news.yahoo.com · www.standard-democrat.com · www.mediaplaynews.com