Paramount Skydance is buying Warner Bros.
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Paramount Skydance agrees to hold off on closing its Warner Bros. Discovery merger for up to a year.
That 28-day pause could go a lot longer, now that US District Judge Araceli Martínez-Olguín approved a deal saying that Paramount Skydance won’t close its transaction until June 1st, 2027, or at least until after legal claims of two lawsuits (one filed by a group of state AGs, and the other by the WGA) are resolved.
Meanwhile, the “ticking fee” Paramount will owe WBD shareholders for any delay starts counting in October, and could add up to $1.7 billion if the delay lasts until next June.
Order on Stipulation AND Order on Stipulation
[CourtListener]
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