Paramount Skydance has agreed to delay its planned acquisition of Warner Bros. Discovery until a court rules on a legal challenge brought by several US states, adding fresh uncertainty to the proposed $110 billion deal.
The agreement means the merger will not proceed until June next year at the latest, while a case filed by California and 11 other states is heard. The states argue that the takeover could create a media giant with excessive influence over film and television markets, potentially leading to higher prices for consumers.
Paramount said it remained confident in the deal and looked forward to presenting its case in court.
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