Paramount risks $650m quarterly fees if merger delays extend beyond September, as per the merger agreement terms.

A “ticking fee” that could cost Paramount $7 million per day will kick in if the merger doesn’t close by late September.

A judge on Monday granted a temporary restraining order pausing the Paramount-Warner Bros. Discovery merger.

California and eleven states secured a pause on Paramount's acquisition of Warner Bros. Discovery. They argued the massive media merger would harm competition and raise prices. …

A federal judge on Monday ordered Paramount and Warner Bros

The ruling follows a lawsuit filed last week by twelve states, led by California