Paramount-Warner Bros' $110 billion merger paused by court over antitrust violation fears, delays could cost $1 billion
A US federal judge paused the $110 billion merger between Paramount Skydance Corp. and Warner Bros. Discovery Inc., citing likely antitrust violations.
The two-week pause could be extended after a hearing in August by US District Judge Araceli Martínez-Olguín to decide on a longer delay pending trial.
Twelve US states, including California, oppose the deal and seek a trial in April, claiming it harms competition.
If the deal does not close by September, Paramount must pay $7 million per day in late fees to Warner Bros. shareholders, potentially exceeding $1 billion.
The Writers Guild of America also challenges the transaction, arguing it would harm competition in film and television writing markets.
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Hindustan Times
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