Skydance‑owned Paramount Pictures agreed to postpone the closing of its $81 billion purchase of Warner Bros. Discovery, a move that could delay the completion of the deal until after a federal judge weighs a lawsuit filed by several states accusing the merger of harming competition.
According to ABC News, Paramount has agreed to delay the transaction while the court considers the states' challenge. The Guardian reports that the company has paused the $110 billion merger amid ongoing litigation, and Deutsche Welle adds that the deal is on hold as the lawsuit plays out. No specific deadline was set, and the delay allows the judge to review antitrust claims before making a final ruling.
The merger would create one of the biggest media conglomerates in U.S. history, raising concerns among regulators and the states that the combined company could reduce competition and harm consumers.