Paramount delays Warner Bros merger

Paramount Skydance has agreed to delay its $111-billion acquisition of Warner Bros. Discovery until at least June 2027 to allow time for an antitrust trial, following a court-ordered freeze on the deal. The delay was requested after a temporary restraining order was issued by a U.S. district judge at the request of California and other state attorneys general challenging the merger. Paramount aims to prove at trial that the deal benefits competition, consumers, and creators, while avoiding a $7 billion breakup fee if the deal does not close by June.

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