Paramount Skydance has agreed to halt its $110bn acquisition of Warner Bros Discovery until June 2027 or a court ruling on states' opposition to the deal.

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.