Judge pauses Paramount Skydance acquisition of Warner Bros. Discovery
A U.S. federal judge in Oakland extended a pause on Paramount Skydance's planned $110 billion acquisition of Warner Bros. Discovery through August 17, adding time for legal challenges to play out. The extension follows a California-led coalition lawsuit arguing the deal would harm competition in film and television and a separate Writers Guild of America suit claiming it would reduce demand for screenwriting work. Paramount has warned that a prolonged delay could make the deal uncertain and cost more than $1 billion, and it has asked for a three-day hearing in August to present evidence supporting the merger.
Judge extended pause on $110 billion merger through August 17.
Context
States led by California sued to block the deal over competition concerns. The judge had earlier paused the deal through August 3 and now extended the pause to August 17. A three-day hearing in August could decide whether the pause is…
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