Skydance-owned Paramount delays $81B Warner buyout as 12-state lawsuit stalls merger | AP News
GlobalBusinessHigh confidence — 91/100
NEW YORK (AP) — Paramount and Warner Bros.
Discovery have agreed to delay closing their $81 billion merger well into next year, a stunning move that arrives as a judge continues to consider a challenge from 12 states seeking to block the deal altogether.
Paramount said in a filing Friday that it won’t close its Warner buyout until either a court ruling is made on the states’ claims or June 1, 2027.
Confirmed
NEW YORK (AP) — Paramount and Warner Bros.
Discovery have agreed to delay closing their $81 billion merger well into next year, a stunning move that arrives as a judge continues to consider a challenge from 12 states seeking to block the deal altogether.
Paramount said in a filing Friday that it won’t close its Warner buyout until either a court ruling is made on the states’ claims or June 1, 2027.