Paramount Skydance delayed its $111 billion acquisition of Warner Bros. Discovery after a federal judge temporarily blocked the deal in response to an antitrust lawsuit.

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.

Skydance-owned Paramount has agreed to delay closing its $81 billion buyout of Warner Bros. Discovery well into next year.