Paramount Skydance Corp. was on the brink of closing its blockbuster $110 billion takeover of Warner Bros. Discovery Inc, but now faces a legal hurdle. | Hollywood

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

July 20 : Paramount Skydance must pause its $110 billion acquisition of Warner Bros. Discovery through August 3, a federal judge ruled on Monday after a California-led coalition…