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Paramount Skydance has postponed its merger with Warner Bros. Discovery until June 1, 2027, as a federal judge reviews an antitrust lawsuit from state attorneys general. The lawsuit claims the merger could reduce competition in the entertainment sector. Paramount has rejected these claims, but the delay has resulted in a drop in its stock price.
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Paramount Skydance has postponed its merger with Warner Bros. Discovery until June 1, 2027, as a federal judge reviews an antitrust lawsuit from state attorneys general. The lawsuit claims the merger could reduce competition in the entertainment sector. Paramount has rejected these claims, but the delay has resulted in a drop in its stock price.
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PARAMOUNT delays merger as judge weighs antitrust...
Paramount Skydance Delays Merger with Warner Bros. Discovery Amid Antitrust Lawsuit