A federal judge on Thursday extended the order blocking the Paramount-Warner Bros. merger for an additional 14 days, meaning the deal cannot close before Aug. 18. Judge Araceli Martinez-Olguin is scheduled to hold a hearing on Aug.
Paramount said it would not close the merger with Warner Brothers until at least five days after the lawsuit is resolved or until June 1, 2027, whichever comes first.
Twelve states led by California had obtained temporary restraining order blocking merger from closing for 28 days Paramount Skydance has agreed to pause its $110bn acquisition of Warner Bros Discovery until a ruling on several states’ challenge to the deal, or until 1 June 2027, according…
"This is the fastest and clearest way to prove that this transaction is good for competition, good for consumers, and good for creators," Paramount said.
Paramount's $111 billion merger with Warner Bros. Discovery is being delayed until next year in order for the antitrust lawsuit attempting to block the deal to play out in court.
Paramount has agreed to freeze its merger with Warner Bros. Discovery until as late as June 2027. Twelve states have argued that the deal would create a "media behemoth" that would harm the US entertainment industry.
From the start, the sale of Warner Bros. Discovery has unfolded like a Hollywood drama. Years of financial turmoil, failed corporate restructurings, and competing acquisition bids have now given way to the latest unexpected plot twist.
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Paramount agrees to pause merger during California court case | Since Then
