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Paramount Skydance on Friday said it would delay the deal until as late as June 2027.

Paramount Skydance agreed on Friday to delay its $110 billion merger with Warner Bros.Paramount agreed to delay the deal through June 2027, the company said in a court filing on Friday.

Paramount Skydance agreed to postpone closing its merger with Warner Bros. Discovery until five days after a state antitrust case opposing the deal is resolved or until June 2027, when its merger agreement expires.

Paramount said Friday it will not move forward with its merger with Warner Bros. Discovery until legal challenges to the deal are resolved or June 1, 2027, whichever comes first. The concession is the latest blow to the $81 billion merger between entertainment giants Paramount and Warner, which is being challenged on antitrust grounds by 12 states and the Writers Guild of America, who argue the deal is anticompetitive. Paramount’s decision came after a California federal court had granted a temporary restraining order stopping the deal from closing in 28 days.

By Jody Godoy July 24 (Reuters) - Paramount Skydance has agreed to pause its $110 billion acquisition of Warner Bros.

Paramount Skydance has agreed to freeze its merger with rival entertainment conglomerate Warner Bros.

Paramount’s $81 billion bid to buy Warner Bros. Discovery was approved by the European Union on Wednesday after the companies offered concessions. In order to ease regulators’ concerns, Paramount offered commitments including that it would terminate its stake in United International Pictures in the European Economic Area within 13 months from the deal’s closing.

Federal judge pauses the merger as states seek an antitrust trial that could extend into next April.

Warner Bros. Discovery will release its second-quarter earnings soon, and analysts anticipate a triple-digit profit dip.

Federal judge pauses merger pending antitrust reviewThe proposed merger between Paramount Skydance (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD) has encountered a significant legal hurdle after a US federal judge temporarily halted the transaction, casting uncertainty over a deal valued at approximately $100 billion.

A federal judge imposed a 14-day pause, with an Aug. 3 hearing set to review the merger challenge.

The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.

Last week, a coalition of 12 attorneys general filed a lawsuit that challenges the $110 billion acquisition, arguing that the deal.

A federal judge has paused Paramount Skydance's takeover of Warner Bros. Discovery in response to a lawsuit last week from a dozen state attorneys general looking to block the deal on antitrust grounds.

A 14-day restraining order halts a deal that would combine two of Hollywood's five major film studios and cable programmers

The 14-day restraining order prohibits the companies from closing the deal as a dozen states challenge it.

By Jody Godoy and Dawn Chmielewski July 20 (Reuters) - A coalition of states led by California won a pause of Paramount's $110 billion acquisition of Warner Bros.

A coalition of 12 U. S. states has launched an antitrust challenge against the proposed $110 billion merger between Paramount Skydance and Warner Bros.

Analysts say Netflix is losing control of its own story, and a single line buried in Friday's earnings report about future disclosures is making Wall Street more nervous than the guidance miss itself.

(Bloomberg) -- Netflix Inc. forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthGoogle Gemini Launch Delayed as Tech Falls

The company said it would begin to release its viewership report annually, rather than twice a year.

With the stock out of favor, investors are focused on slowing sales growth, but they may be missing the more powerful story of how efficiently Netflix is compounding profit per share.

The states seek an injunction that could delay the acquisition for months as a federal court weighs their antitrust challenge.

New lawsuit joins states' challenge, raising uncertainty around the proposed media merger's closing timeline.

A 12-state antitrust lawsuit threatens to delay Paramount Skydance's $110 billion merger with Warner Bros. Discovery, exposing both companies' weak balance sheets to costly penalty deadlines.

Paramount’s merger with Warner Bros. faces antitrust lawsuits, putting $30B in investment and 100M SF in limbo.

Move by Writers Guild of America comes a day after 12 Democratic-led states sued to stop the merger on antitrust grounds.

The antitrust lawsuit could delay the merger after federal approval and before Europe's July 22 decision.

A consortium of 12 states led by California sued to block Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery.

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