Paramount agrees to delay Warner Bros. merger
SAN FRANCISCO, United States (AFP) — Paramount Skydance agreed on Friday to delay its $110 billion merger with Warner Bros. Discovery while a United States (US) lawsuit seeking to block the deal moves forward.
If the merger eventually closes, the new combined company would reshape the entertainment and media industry, in addition to delivering a major win to its owners, the Ellison family, who are close allies of US President Donald Trump.
Paramount agreed to delay the deal through June 2027, the company said in a court filing on Friday.
The Trump administration approved the blockbuster deal on June 12 without demanding a single change, clearing the way for one of the largest media mergers in years.
A federal judge in California ordered the companies to temporarily pause deal in a ruling on Monday, just two days before the European Union gave the merger a conditional green light.
