Paramount agrees to pause Warner Bros deal while case plays out
The companies will wait for an antitrust trial as state attorneys general and the Writers Guild of America challenge the $111 billion deal.
- On Friday, Paramount agreed to delay its merger with Warner Bros. Discovery until June 1, 2027, or until antitrust lawsuits brought by state attorneys general and the Writers Guild are resolved.
- U.S. District Judge Araceli Martinez-Olguin previously issued a temporary restraining order pausing the transaction, forcing the parties to negotiate this timeline to avoid a lengthier preliminary injunction hearing.
- The agreement cancels the August 3 hearing on the preliminary injunction request and withdraws the Writers Guild's motion, allowing parties to move directly toward a trial on antitrust claims.
- A Paramount spokesperson called the agreement a "significant win" providing a clear path to trial, though shares in both Paramount and WBD slumped on the news following the filing.
- The parties will submit a proposed trial schedule next week, effectively altering Paramount's original plan to finalize the takeover of WBD by the end of September.
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Volkskrant
The billion-dollar deal is to be further promoted by June 1, 2027 at the latest. Trump critics fear that the CNN, which belongs to Warner Brothers, could lose its independence with the takeover.
Actually, the Warner Brothers takeover was supposed to take place in a timely manner. Paramount had at least announced it to the shareholders of the Hollywood primeval rock. Now, however, the mega deal is being put on hold for the first time.
The media conglomerate Paramount Skydance agreed to freeze the merger transaction with Warner Bros. Discovery until June 2027
Paramount Pauses Merger for Trial
Paramount Skydance is hitting pause on its $110 billion bid to join forces with Warner Bros. Discovery, agreeing not to close the deal until at least June 1, 2027, while a federal judge considers an antitrust challenge from a group of Democratic state attorneys general. The move, disclosed in a...
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