Paramount Skydance agrees to halt Warner Bros. merger until as late as next June

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

Paramount Skydance has agreed to freeze its merger with rival entertainment conglomerate Warner Bros. Discovery until as late as next June while a federal judge weighs a lawsuit from a coalition of state attorneys general challenging the deal.

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In an 11-page court filing Friday, Paramount said it would not move forward with the $110 billion tie-up until June 1, 2027 — unless the judge issues a ruling on the antitrust suit filed by a dozen Democratic state attorneys general before then.

The agreement lengthens the temporary pause ordered this week by Judge Araceli Martínez-Olguín of the U.S. District Court for the Northern District of California, who is presiding over the case.