The delay, filed in court on Friday, can cost Paramount $1.7bn in fees if the deal is not closed by next June.

The pause on Paramount Skydance’s (PSKY) proposed $110B takeover of Warner Bros. Discovery (WBD) has been extended tot August 17 from August 3 b...

Paramount has asked for a three-day hearing in August to prove the deal bolsters competition. Read more at straitstimes.com. Read more at straitstimes.com.