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Judge Orders Pause of $110B Paramount-Skydance Warner Deal Until 2027

7/25/2026

Summary

Story summary

Judge Araceli Martínez-Olguín ordered the pause of Paramount Skydance's $110 billion merger with Warner Bros until June 1 2027.
California Attorney General Rob Bonta and AGs say the deal would kill competition as Paramount’s stock fell 3 % and a 25-cent ticking fee applies if the merger misses Sept. 30, a penalty over $600 million.
New York Attorney General Letitia James called the halt a victory, while the Writers Guild of America filed an antitrust lawsuit.

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Story summary

Judge Araceli Martínez-Olguín ordered the pause of Paramount Skydance's $110 billion merger with Warner Bros until June 1 2027.
California Attorney General Rob Bonta and AGs say the deal would kill competition as Paramount’s stock fell 3 % and a 25-cent ticking fee applies if the merger misses Sept. 30, a penalty over $600 million.
New York Attorney General Letitia James called the halt a victory, while the Writers Guild of America filed an antitrust lawsuit.