Skydance-owned Paramount agreed to delay closing its $81 billion acquisition of Warner Bros. Discovery until June 1, 2027, while courts consider a lawsuit from 12 states challenging the merger. The acquisition process remains paused pending legal resolution.
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Skydance-owned Paramount on Friday agreed to delay closing its $81 billion buyout of Warner Bros.
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Paramount agreed to delay its Warner Bros. Discovery acquisition until at least 2027. This postponement follows a court order pausing the merger process. A coalition of states filed a lawsuit seeking to block the proposed deal. They argue the merger would substantially lessen competition in Hollywood. Paramount views this as a win, allowing a trial based on evidence.
In a court filing, Paramount said it wouldn't close the merger until either a court ruling is made on the merits of the states' lawsuit or June 1, 2027.
Paramount delays closing Warner buyout while judge considers states’ challenge AP News
My new favorite word? "PAUSE" I prefer VICTORY* "Paramount & Warner Bros pause $110 BILLION merger amid legal challenge after lawsuits from 12 states & the Writers Guild who argue the deal would harm competition & lead to higher prices for consumers" https://www. bbc.com/news/articles/c8en74yz 5e7o *for now