Story perspectives

Paramount Pauses $111 M Warner Bros. Deal After Injunction

7/25/2026

Summary

Story summary

Paramount Pictures paused its $111 million acquisition of Warner Bros. Discovery after California Attorney General Rob Bonta called the injunction outcome a fait accompli.
Judge Araceli Martinez-Olguin denied Paramount’s request to speed briefing, upheld a 28-day restraining order, and cancelled the Aug. 3 hearing, ordering a trial-schedule stipulation by July 31.
If the merger closes after Sept. 30, Paramount must pay Warner Bros. Discovery $7 million per day as a ticking fee.

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Story summary

Paramount Pictures paused its $111 million acquisition of Warner Bros. Discovery after California Attorney General Rob Bonta called the injunction outcome a fait accompli.
Judge Araceli Martinez-Olguin denied Paramount’s request to speed briefing, upheld a 28-day restraining order, and cancelled the Aug. 3 hearing, ordering a trial-schedule stipulation by July 31.
If the merger closes after Sept. 30, Paramount must pay Warner Bros. Discovery $7 million per day as a ticking fee.