Paramount agrees to pause Warner Bros deal while court case plays out

The delay, filed in court on Friday, can cost Paramount $1.7bn in fees if the deal is not closed by next June.Published On 24 Jul 202624 Jul 2026Paramount Skydance has agreed to pause its $110bn acquisition of Warner Bros Discovery until after a federal judge rules on states’ challenge to the deal, according to court papers.The delay, filed in court on Friday, could cost Paramount Skydance about $7m a day in fees it agreed to pay Warner Bros shareholders if the merger does not close by September 30.Recommended Stories list of 4 itemslist 1 of 4As oil soars, experts watch Red Sea tankers for clarity on Houthi blockadelist 2 of 4Trump’s latest ‘forced labour tariffs’: Who’s been hit, how badly?list 3 of 4Canada marks Gordie Howe bridge opening without US after trade war deepenslist 4 of 4US small businesses challenge Trump’s new ‘forced labor’ tariffsend of list“We look forward to proving our case at trial,” Paramount’s spokesperson said.Twelve states, led by California, sued on July 13, arguing the deal would “extinguish competition” in Hollywood and lead to fewer choices for consumers, particularly moviegoers and cable customers. Paramount has called the states’ claims meritless an...