Gaming
Paramount Skydance just paused its Warner Bros. Discovery merger, possibly until June 2027
Paramount Skydance has agreed to postpone its proposed $110 billion merger with Warner Bros.
Key takeaways
- Paramount agreed to postpone the Warner Bros. Discovery merger until after the antitrust trial.
- The merger may not close until June 2027 if a trial is delayed.
- Paramount must pay a ticking fee of $7 million per day if the deal isn't closed by September 30.
- Halting the merger is a critical victory to protect the film and television industries.
- Paramount still intends to complete the merger despite missing its original September 2026 window.
Paramount Skydance has agreed to postpone its proposed $110 billion merger with Warner Bros. Discovery until after an antitrust trial. The merger was initially paused by a judge on July 20 following a lawsuit by twelve state attorneys general. Under the new agreement, the merger cannot close until five days after the trial, or by June 1, 2027, if no trial has occurred. If the deal does not close before September 30, Paramount will face a ticking fee of $7 million per day payable to Warner Bros. Discovery investors.
In their words
“halting this merger while our case proceeds is a critical victory in our efforts to uphold the law and protect the film and television industries.”
By the numbers
- $110B
- Total value of the proposed merger
- $7M
- Daily ticking fee starting after September 30
- 12
- State attorneys general who filed the lawsuit
How it unfolded
- Judge pauses the $110 billion merger following lawsuit
- Joint stipulation filing expected to update trial scheduling
- Deadline before daily $7 million ticking fees begin
- Date after which Paramount can resume acquisition if no trial
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Common questions
- What happened with Paramount Skydance?
- Paramount agreed to postpone the Warner Bros. Discovery merger until after the antitrust trial.
- Where can I read the original report?
- Read the full report at polygon.
