Paramount Agrees To Not Close Warner Bros. Discovery Transaction Until Next Year Or Until Lawsuit Merits Are Resolved

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Paramount has agreed to postpone its $111 billion merger with Warner Bros. Discovery until June 1, 2027, or until the resolution of lawsuits filed by state attorneys general and the Writers Guild of America. According to a federal court filing, the companies entered a joint stipulation ensuring the transaction will not close until five days after an antitrust trial is conducted or the legal merits of the challenges are resolved, delaying the deal's completion.
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