Paramount Delays Warner Bros. Discovery Merger Into 2027 To Push For Antitrust Trial
Paramount announced it will pause its acquisition of Warner Bros. Discovery for several months, potentially pushing the closing into 2027, as pending state antitrust and labor lawsuits move toward a federal trial.
The announcement follows a California court order extending the temporary restraining order blocking the merger through August 17. The extended timeline aligns with Paramount’s request for an evidentiary hearing later that month, a strategy the company says it will use to demonstrate the transaction satisfies competition standards before proceeding.
From the sources (16 posts)
@cnbcEU antitrust regulators clear Paramount-WBD merger as it faces challenge by U.S. states
@wallstengineParamount's $110 billion Warner takeover won conditional EU approval after it agreed to unwind a European distribution pact with Universal. A 12-state US lawsuit has frozen closing for 14 days, and Bloomberg reports a delay beyond Septembe
@businessBREAKING: Paramount’s $110 billion takeover of Warner Bros. wins conditional approval from the EU
@businessA judge’s move to pause Paramount Skydance’s $110 billion takeover of Warner Bros. has prompted traders to price in greater odds of deal disruptions and lengthy legal delays for a transaction already fraught with risks
@brianstelterJust in: Judge Araceli Martínez-Olguín has extended the temporary restraining order blocking Paramount's merger with WBD by two weeks, so it's now in effect through August 17. She says more time is needed to resolve preliminary injunction r
@brianstelterMartínez-Olguín also ordered the parties to confer on a possible schedule for a multi-day evidentiary hearing. That's what Paramount is seeking – a mini-trial the week of August 17 or 24. The judge said Paramount would have to agree to keep
@danielnmillerParamount antitrust litigation news: Judge Araceli Martínez-Olguín extended the temporary restraining order blocking the Paramount–Warner Bros. merger for another two weeks, through Aug. 17. She said more time is needed, in part, to resolve
@kylegriffin1A judge extended the temporary stalling the Paramount-Warner Bros. Discovery merger for another two weeks — meaning David Ellison won't be able to close the deal until at least August 17.
@cgasparinoParamount bracing for ‘long game’ as its $80B deal for Warner Bros. Discovery gets attacked in California
@firstsquawkPARAMOUNT AGREES TO DELAY WARNER BROS. MERGER FOR MONTHS – NY TIMES
@brianstelterBreaking: Paramount says that its takeover of CNN’s parent company, Warner Bros. Discovery, will be delayed for many months, and potentially well into 2027, due to pending lawsuits by state attorneys general and the Writers Guild of America
@brianstelterParamount's statement: "Today’s agreement is a significant win because the result is exactly what we have sought from the outset: a direct path to a trial based on the evidence. This is the fastest and clearest way to prove that this transa
@jimsciuttoBreaking: Paramount announced Friday afternoon that its takeover of CNN’s parent company, Warner Bros. Discovery, will be delayed for many months, and potentially well into 2027, due to pending lawsuits by state attorneys general and the Wr
@wallstenginePARAMOUNT, WARNER BROS. PAUSE DEAL UNTIL TRIAL OUTCOME OR JUNE $PSKY $WBD
@cnnParamount announces takeover of Warner Bros. Discovery will be delayed for months, and potentially well into 2027, due to pending lawsuits.
@vaughnhillyardRT @falgallagher: BREAKING: Paramount has agreed to pause its merger with WarnerBros Discovery until next June at the latest while a federa…