Paramount said they would halt the merger until either the remedy of its legal battle or June 1, 2027, whichever date comes sooner.

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.

A group of state attorneys general have challenged the merger in a lawsuit, alleging it would drastically reduce competition and harm consumers.