Paramount Skydance Corporation has agreed to postpone its $110 billion acquisition of Warner Bros. Discovery for at least several months, if not well into 2027, as a federal judge in California weighs antitrust challenges from a dozen states and the Writers Guild of America.
In a Friday court filing, the company said it will not conclude the deal until an antitrust trial ends or until June 1, 2027. U.S. District Judge Araceli Martínez-Olguín approved the agreement accepted by the parties.
The agreement ends a planned Aug. 3 hearing on the states’ request for a preliminary injunction and withdraws a similar motion filed by the Writers Guild. Lawyers for Paramount determined the plaintiffs would likely be victorious at that stage and decided it was better to move straight to a full trial on the merits, according to people familiar with the discussions….