Paramount agrees to pause Warner Bros deal while case plays out
Paramount agrees to delay its proposed Warner Bros. Discovery acquisition pending the outcome of antitrust litigation initiated by state officials and the Writers Guild.
- 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.
94 Articles
94 Articles
The mega deal of the entertainment industry is still waiting for you. The lawsuits of several states are now bringing the deal to a halt. It is not due to continue until next year at the latest.
(Los Angeles=Yonhap News) Correspondent Kim Kyung-yoon = Two giants of the global film and media industry, Paramount Skydance (hereinafter Paramount) and Warner Bros. Discovery...
Paramount delays USD 81 billion Warner buyout as 12 states press antitrust case
Paramount has agreed to delay closing its USD 81 billion buyout of Warner Bros Discovery while a US court hears a challenge from 12 states. The pause keeps the merger on hold until a ruling or June 2027 amid antitrust concerns.
Paramount To Hold Off Warners Deal
Paramount has reportedly agreed to not close its $111 billion takeover of Warner Bros. Discovery until a court makes a decision over whether it violates antitrust laws. In a court document filed on Friday, Paramount says it will hold off on consummating the acquisition until June 2027 or five days after the court issues a ruling on the case, whichever is earlier. The case hails from a coalition of states looking to block the merger. In a statem…
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