Paramount agrees to delay WBD acquisition to as late as June 2027 amid legal challenge
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Paramount Skydance and Warner Bros. Discovery have agreed to postpone their $110 billion acquisition until as late as June 2027 following a court‑ordered temporary restraining order. The delay stems from an antitrust lawsuit filed by a coalition of state attorneys general led by California Attorney General Rob Bonta. The agreement includes a “ticking fee” that will increase the deal cost the longer the closure is delayed.
- ▪The deal, originally slated to close by the end of September, is now delayed to June 2027.
- ▪State attorneys general sued to block the merger over antitrust concerns, prompting a judge to issue a temporary restraining order.
- ▪Paramount Skydance said the agreement is a "significant win" and will allow the case to proceed to trial.
- ▪The merger includes a quarterly fee of 25 cents per Warner Bros. Discovery shareholder, potentially adding up to about $650 million per quarter if delayed.
- ▪Both U.S. DOJ and European regulators have cleared the merger, but state officials argue it could harm competition and jobs in the film industry.
4 outlets in our directory ran this story, first to last over 1 hour. Coverage spans 2 points on the political spectrum — 1 lean left, 2 centre.
- ▪ Paramount delays $81 billion Warner buyout amid legal challenge from 12 states — Times of India — Top
- ▪ Paramount to delay Warner Bros. merger until as late as June 2027 — CBS News — Top
- ▪ Paramount agrees to delay Warner Bros. merger into 2027 — Engadget
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Paramount Skydance has agreed to delay its proposed acquisition of Warner Bros. Discovery to as late as June 2027 — a multi-month delay that will ultimately raise the deal price — as the tie-up faces a legal challenge.Last week, a group of state attorneys general led by California's Rob Bonta sued to block the deal over antitrust concerns. On Monday, a judge reviewing the case issued a temporary restraining order, delivering a near-term delay. Paramount had repeatedly said it intended to complete the transaction by the end of September.Yet in a statement Friday, Paramount called the agreement a "significant win.""The result is exactly what we have sought from the outset: a direct path to a trial based on the evidence.
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