Paramount Agrees to Delay Merger With Warner Bros. Discovery
Paramount Agrees to Delay Merger With Warner Bros. Discovery
Paramount Agrees to Delay Merger With Warner Bros. Discovery
"This is the fastest and clearest way to prove that this transaction is good for competition, good for consumers, and good for creators," Paramount said.
David Ellison announced yesterday, as financial markets closed, that the Paramount-WB merger would be paused until mid 2027 in response to ongoing antitrust concerns. The 12 intervening states successfully obtained a restraining order last Monday.
From the Gizmodo article:
Paramount has agreed to a delay of its merger with Warner Bros. Discovery after a group of 12 states sued to stop the $111 billion deal. The states, led by California, brought the lawsuit over antitrust concerns, and Paramount has agreed to close the deal until five days after a potential trial is held or June 1, 2027, whichever comes first, according to a court filing.