Paramount Skydance had been pushing to close its $110 billion acquisition of Warner Bros.
Discovery by the end of September
It picked the wrong month to be optimistic. A coalition of 12 state attorneys general sued to block the deal on July 13, a federal judge issued a temporary restraining order days later, and now the closing date has been pushed as far back as June 2027. Paramount filed an 11-page court stipulation on July 24 agreeing to hold off on closing the transaction until five days after the judge rules on the antitrust case, or June 1, 2027, whichever comes first, CNBC reported.
The deal is still alive. It is just moving on a very different timeline than anyone expected three weeks ago. Who’s fighting the Paramount-Warner Bros. merger?