Paramount Skydance (NASDAQ:PSKY) said Friday it has agreed to push back the outside date for its planned purchase of Warner Bros.
Discovery (NASDAQ:WBD) to as late as June 2027, as a multistate antitrust fight slows the timetable and increases what it may owe WBD shareholders.
The delay comes days after a coalition of 12 states sued and after U.S.
District Judge Araceli Martínez-Olguín issued a temporary restraining order that paused the deal. • Why did PSKY hit a new low?
In a statement issued on Friday, Paramount framed the revised schedule as a favorable step toward a courtroom showdown, calling it a "significant win." CNBC reported the company said it now has "a direct path to a trial based on the evidence," while arguing the states’ market definitions "bear no relationship to the realities of today’s marketplace." Will This Merger Redefine Industry Dynamics?
