A court delay pushes back the planned $110 billion media merger between Warner Bros Discovery and Paramount until mid-August.
A judge has extended the pause on Paramount Skydance’s $110 billion acquisition of Warner Bros Discovery until mid-August. The delay stems from state attorneys general efforts to block the deal, citing antitrust concerns.
The merger, initially set to close earlier, faced legal scrutiny over potential market consolidation. Analysts had expected regulatory hurdles but not a prolonged judicial hold. The prior deadline was unspecified, though earlier rulings suggested a shorter delay.
No immediate market reaction was reported, though shares of both companies may face volatility as the new deadline approaches.