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[BUSINESS] · United States · 41 sources

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Paramount delays Warner Bros. Discovery merger until 2027

Paramount Global (through its Skydance subsidiary) and Warner Bros. Discovery have agreed to postpone their planned merger, valued at roughly $110‑$111 billion, until at least June 1 2027 or until a court resolves the antitrust lawsuit. The delay follows a coordinated legal challenge by a coalition of twelve U.S. states, led by California, which secured a temporary restraining order from U.S. District Judge Araceli Martínez‑Olguín.

The companies face a daily penalty of about $7 million after September 30 if the transaction remains unclosed, and a potential $7 billion breakup fee if it collapses. New York Attorney General Letitia James and California Attorney General Rob Bonta praised the pause as a victory for competition. The Writers Guild of America has also filed suit, while SAG‑AFTRA opposes the merger but has not joined the WGA lawsuit.

Entities

Araceli Martínez‑Olguín · California Attorney General Rob Bonta · Coalition of 12 U.S. state attorneys general · David Ellison · Judge Araceli Martínez‑Olguín · Letitia James · Paramount Global · Paramount Global (Paramount Skydance) · Paramount Skydance · Rob Bonta · U.S. District Judge Araceli Martínez‑Olguín · Warner Bros. Discovery

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