Topline
Paramount Skydance said in a Friday court filing it agreed to push back its merger with Warner Bros. Discovery, which has been challenged by 12 states, to 2027, voluntarily making the concession after a judge temporarily blocked the merger this week.
The merger is valued at roughly $110 billion.
Photo by Jakub Porzycki/NurPhoto via Getty Images
Key Facts
Paramount agreed to delay the merger until June 2027 or until five days after the judge makes a decision on the case, whichever comes first.
Judge Araceli Martinez-Olguin issued a temporary restraining order against the merger on Monday, giving her two weeks to determine if she would issue a more stark order that pauses the deal indefinitely while the lawsuit against the merger plays out in court.
This is a developing story. Check back for updates.