Paramount Skydance has agreed to delay its planned acquisition of Warner Bros. Discovery until a court rules on a legal challenge brought by several US states, adding fresh uncertainty to the...

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.

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